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The brief

Our solution

Underwriter quote

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.

"With larger development exit schemes like this, brokers who know how to efficiently package the deal and work through any hurdles to provide the best bespoke solution for the borrower make all the difference to its success. I always appreciate working with knowledgeable, proactive brokers and I look forward to collaborating with the LDN Finance team again." Krisha Karunananthan, Senior Underwriter

"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, Director at LDN Finance

Broker quote

£5.9 MILLION

70% LTV

0.84%  PM

12 MONTHS

12 MONTHS

Street House

DEVELOPMENT EXIT: 27 APARTMENTS IN LEEDS

CASE STUDY

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