The brief
Our solution
Working around the clock with the introducing broker, borrower, valuer, and lawyers, our team delivered a solution well before the deadline, saving the borrower from paying an additional month of interest on their prior loan. We provided a 70% LTV at a rate of 0.84%, with a 12 month loan term. This enabled additional funds for future projects and ample time to sell every unit.
The client, facing the risk of exceeding their current loan term, urgently required refinancing for their completed ground-up project: 27 apartments in Leeds. In addition to gaining time to market and sell the properties, the borrower needed additional funds to invest in their next project.
"From start to finish the Funding 365 team were faultless. They demonstrated speed, efficiency and the highest levels of communication. The underwriting team gave regular updates, were always proactive and supportive on the deal and they worked tirelessly until late to ensure we hit our completion date. Mike and Paul were always involved and were flexible when we needed them to take a view on the various quirks within the deal which turned out more complicated than it looked at the start. Not only that, the rate was market leading." Chris Oatway, LDN Finance
Broker quote
£5.9 MILLION
70% LTV
0.84% PM
12 MONTHS
12 MONTHS
