Client Requirement:
- Our client through their limited company required a refinance of a bridging loan. The bridging loan was used to convert the property to 10 flats repaying the loan outstanding releasing funds for further investment.
Property:
- The property had been converted to a high standard with 10 self-contained flats all under 30 square meters.
The Interesting Stuff:
- We helped our client source a loan at 75% of the investment value with the fee added above the loan on an interest only basis over a 5-year term.
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