Funding 365 completes 75 percent LTV £2million loan with Black Book Finance
Funding 365 has this week completed a large portfolio refinance brokered by Black Book Finance. The tailored loan was to enable the borrower to restructure the debt across their seven properties – including an HMO - in Bristol.
Alongside restructuring the current debt, the borrower also needed to release cash to purchase another BTL property to add to their portfolio. As their properties had strong rental yields Funding 365 was able to offer 75% LTV – just what the borrower required to cover the refinance and cash raise.