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Deal Structure

77% Loan To Value

Loan Amount £2.9m

Interest Rate 4.34%

2% Arrangement Fee

10 years Interest Only

Deal Summary

Our experienced Landlord client came back to us when his existing financing arrangement was coming towards its expiry date.

He was concerned that since the original loans were put in place, some of the properties would actually have decreased in value, given the market uncertainty. Given that he was already at 75% Loan to Value with his current lender, he wanted the comfort of being able to secure as high as 80% Loan to Value, to give himself plenty of head room.

After researching the market and speaking directly with several lenders we were able to offer multiple options from lenders who would accommodate the deal, in principle. We worked closely with both the lender and our client throughout, enabling a timely completion of the transaction and repayment the original debt in good time.

Contact Simon Parkinson

07503 722 838

Simon@positivecommercialfinance.co.uk

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