Client situation.
A broker introduced a client with two flats who needed to refinance an existing loan while raising additional capital for business purposes. Both properties were being marketed for sale after obtaining vacant possession, creating a time-sensitive situation that required a flexible lender. The existing loan terms were coming due, so the client needed a timely refinance option and knew they could leverage the properties for additional capital to support their business expansion plans.
Our solution.
We structured a £680,000 facility across the two properties at 68% LTV. Understanding the exit strategy – sale of the properties – helped us tailor terms that worked for everyone involved. Close coordination with the broker ensured all requirements were met efficiently. Our flexible approach meant we could structure the facility to support both the refinancing needs and the business capital requirements in a single, streamlined solution.
Result.
Eleven days to completion provided the refinancing solution needed while giving the client time to achieve successful and optimal sales of their properties. The additional capital raised supported their business plans, creating a win-win outcome that demonstrates our ability to structure comprehensive solutions that address multiple client needs simultaneously.
Multi-property portfolios? We have the expertise to structure complex deals efficiently.