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Refinance of 6 complete apartments for Capital Raise

Deal Structure

 

£900,000 gross facility

65% Loan To Value (net)

2% Arrangement Fee

Interest at 0.9% pcm

No Exit Fees

12 months term.

Deal Summary

 

A long-standing client required a boost in their cash-flow so they approached us to refinance 6 apartments they owned over 2 developments in the North East. The apartment blocks were completed and receiving a lot of interest from prospective buyers, however sales were taking time to conclude.

A funder was identified that could move quickly and take a commercial view on the value of the properties, utilising the valuation report which a previous lender had instructed.

The funding completed quickly giving the client that much needed liquidity.

James Waddicker

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James Waddicker

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Positive Commercial Finance is a trading name of Business Financial Solutions Limited. Registered in England & Wales 06451075. Registered office address 1 Harvey Street, Bury BL8 1NL. Authorised and regulated by the Financial Conduct Authority (716012). Full members of the NACFB and FIBA. ICO registration reference Z1196910.

We are a credit broker, not a lender. We work with a panel of lenders who may pay us a commission. This amount varies between lenders.