Alburys Property Finance is delighted to announce the completion of a £2M Expat and Offshore company structure Resi Refinance Investment Loan in South East London.
The Borrower was a UK Ltd with 50% of the shares owned by a Caribbean company, its shareholder also resides in the Caribbean.
The security was a single building consisting of an HMO and several flats located in South East London.
Current value was £2.8M
Current debt was £1.4M
The Borrower was looking to capital raise for other property investments
They required a short-term investment loan as they were intending on selling the property in the short to midterm
70% + LTV
Capital raise £600k
2 year fixed at 4.45%
10-year term with no ERCs after 2 years
The Offshore applicant was able to complete the transaction without the need to return to the UK by using a dual qualified lawyer in both countries.
If you have any questions or wish to discuss any funding requirements then please don't hesitate to contact us, we’d love to hear from you.