The brief

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Given the prime location of the retail unit, the strength of the tenant and the experience of the repeat borrower, our team was able to deliver a rate of 0.79% per month at a 67% LTV. The client's onward ambitions for the premises included the construction of an additional story and the negotiation of new leases with new tenants. As such, we engaged the borrower in several discussions to ensure that, on a 12 month loan, a timely exit could be achieved. 

The client required a £3.89 million loan to purchase a large commercial space in Horsham with a blue chip tenant in situ.

The case, although ambitious, showcases the potential of our commercial bridging loan product to support the retail sector. Coming out of the pandemic, it's great to assist in the revitalisation of this market. I'm keen to continue supporting this borrower and am interested to see how this particular space will benefit from their exciting development plans.  

£3.89 MILLION

67% LTV

0.79%  PER MONTH

Commercial case study CASE STUDY

PURCHASE: LARGE COMMERCIAL SPACE

Funding 365 Limited is registered in England & Wales / Registered address: 20-22 Wenlock Road, London, N1 7GU / Company Number: 8488034.

Funding 365 Limited is not regulated by the Financial Conduct Authority or under the Financial Services & Markets Act (FSMA). All loans provided by Funding 365 Limited are non-regulated mortgage contracts, defined under Article 61(3) of the FCA Regulated Activities Order or non-regulated contracts under the Consumer Credit Act. Your property may be at risk if you do not keep up repayments on any mortgage or loan secured on it.

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