The brief
Our solution
Underwriter quote
The team worked around the clock with all involved to craft a facility that would refinance our borrower's current loan and fund 100% of the cost of works in arrears within the redemption deadline. With an LTV of 63% at 0.79% per month, the borrower was able to refinance their current loan with enough cash left over to invest in future projects.
The client sought funds to finish and exit on their conversion of 4 flats in Kent into a 5 bedroom house. With the redemption date looming the borrower needed to complete quickly to avoid default charges from their development lender.
"Our team’s dedication and expertise enabled us to craft a solution that met the client's urgent needs, ensuring a seamless refinance and providing additional capital for future ventures".