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The brief
Our solution
Underwriter quote
Given the extensive nature of the redevelopment, a lengthy loan term was required to ensure a timely exit from the loan. We designed a 15 month package with four further drawdowns of £387,151, with no costly exit fees for early completion.
The client required funding to support the conversion of a dilapidated light industrial unit into 4 houses.
We don't add the hidden costs that other lenders do, which is part of the reason that the client was so happy with this deal. If they repay the loan early, they'll have their interest rebated to the day. We look forward to working with them in the future
CONVERSION OF A LIGHT INDUSTRIAL UNIT
£625,000
50% LTV
0.69% PER MONTH
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