Andy Stanbury, Director of Alburys Financials is delighted to announce the completion of a £1.6M Refinance loan.
The Clients required a mid-term refinance and capital raise on a mixed-used scheme that they had just developed in Clapham.
The converted scheme consisted of 3 luxury flats and a shop below. The annual rent was £110k with a completed GDV of circa £2.1M.
The Clients’ main requirements were to repay the existing £800k loan and then capital raise for future projects.
We were able to structure the following:
75% LTV loan with the addition of the arrangement fee added in giving a total loan of £1.6M
Fixed rate 4.89% for 2 years
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.