Portfolio of flats – Total loan of £615k
The situation: An experienced landlord with a property portfolio of 20+ properties was referred to us by a high street bank. The bank had lost its appetite for ‘real estate’ and we were asked to assist in the refinance of 14 flats in a development in Yorkshire.
The solution: We identified a solution very quickly but there was a legal issue in respect of the title that needed to be resolved. Once this was solved we processed a refinance deal to raise £615,000 to enable him to repay the high street bank.