The brief
Our solution
Underwriter comment
With the repayment deadline looming with their previous lender, Funding 365 worked closely with the introducing broker, borrower, valuer and lawyers to create a facility that ensured the borrower had ample time to complete the remaining works with their own funds and apply for long term finance.
The client required funds to to refinance their existing long-term loan secured against two properties in Brighton and to release cash for their next project. Both properties are registered as HMOs: one is operational, and the other requires cosmetic refurbishment.
"As underwriters, it's our responsibility to look at each case from every angle and find the potential in the deal. Here we delivered a rate that allowed the client to refurbish the properties in exactly the way that they had envisioned, whilst releasing cash for their business."
