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.