Alburys Financials is pleased to announce the completion of a £ 4.5M Investment Loan on a five-storey freehold block of 9 flats in Camden.
THE SCENARIO
Our client recently completed a new scheme of 9 flats in North London and was seeking to refinance away from their current development lender and raise capital for future projects.
Key requirements being:
5 years fixed competitively priced rate buy to let, up to 65% LTV.
OUR SOLUTION
Security Value £ 7M
£4.5M Gross Loan
65% LTV
£1.4M Capital Raise
2.95% pa 5 yr fixed
2% Arrangement Fee
The client is a property developer with more than 20 years of experience in developing houses and blocks of apartments in London and the South East.
These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.
If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.