Client situation.
A broker introduced us to a client who was looking to refinance an existing loan on four fully let industrial units. The experienced investor had previously developed these properties significantly, splitting an existing structure into 4 distinct units, all of which are successfully let. While many lenders do commercial bridging, the unique characteristics of industrial properties need a careful understanding that is enhanced by specialist knowledge.
Our solution.
We structured the £2.67m commercial refinance facility after considering the combination of the quality of the assets, their lettings, and the borrower’s experience.
On doing the required due diligence, we confirmed that the assets were all generating good income, with existing leases with businesses operating in each unit. The valuation matched the borrower’s estimation, and the legal process was smooth.
Our team’s expertise in industrial property meant we could assess both the asset and income generation potential accurately, giving us confidence in agreeing the loan.
Result.
This £2.67 commercial refinance loan provided the borrower with improved loan terms on their performing industrial investment. The refinancing gave them the freedom to proceed with their plan to reduce their wider property portfolio in a timely manner and enabled them to obtain the maximum value for each asset. This loan demonstrates our commitment to working with borrowers in a range of situations across all asset types.
Industrial property financing? Our team understands this specialised commercial sector inside out.