Refinance – Total loan £700k
The situation: An existing client approached us looking to refinance a semi-commercial property compromising of a retail unit and 8 self-contained flats in order fund further investment properties. The client who is an experience professional landlord was looking for interest only funding to ensure his rental profits were kept as high as possible.
The solution: A loan of £700,000 was secured on a property valued at £1,000,000. The loan process took just under eight weeks, this would have been quicker if it hadn’t been delayed due to a legal complication. This was resolved by Commercial Expert Ltd using a ‘common sense approach’.