Alburys Property Finance
Alburys Property Finance
Grey-cement-Seamless-Pattern-For-Website-Background.jpg

Past Deals

Past Deals

Past Deals

£1.6M Refinance Loan consisting of 3 luxurious flats and one retail unit in Clapham

 

Andrew Stanbury, Director of Alburys 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

 If you need any assistance with your requirements, please feel free to get in touch.

Fiona Addadahine