+
CLOSE
+
CLOSE
Register

By submitting this form you confirm that are happy to submit your data, which will be used solely for the purposes of my above enquiry

+
CLOSE
Quick Enquiry

By submitting this form you confirm that are happy to submit your data, which will be used solely for the purposes of my above enquiry

Refinance of 12 Bed HMO property - Commercial Mortgage

Deal Structure

75% Loan To value

Interest Rate 5.76% fixed for 5 years

1% Arrangement Fee

10 years Interest Only term

Deal Summary

Our client had purchased a large property which they had converted into 12 en-suite student accommodation, 2 self-contained flats and a commercial unit on the ground floor with a combined rental income of around £80k.

They wanted to refinance to give as much as possible from the completed property, to reimburse their costs of conversion, and to enable some equity release for their next project.

We progressed talks with a number of appropriate lenders, and then presented all the options to the client who opted to take a loan at 75% LTV which generated £630k. This Commercial Mortgage re-paid their development finance loan and gave them a cash deposit for the next deal.

Contact Simon Parkinson

Simon@positivecommercialfinance.co.uk

Follow us on @PositiveComFin
New Small Development Loan product. https://t.co/1gicWx64YD
Sign up to our newsletter
© Copyright 2019 | Positive Commercial Finance | Sitemap