Development exit against six apartments in South West London
Development exit against six apartments in South West London
The borrower was seeking a £1.35m refinance against a MUFB, with the aim of restructuring the property onto individual leaseholds before selling the units separately.
The funding was provided at 75% LTV over an 18-month term, enabling the borrower to refinance their existing debt. Despite the complexity of the transaction, the deal was successfully completed within 30 days of application.
QUICK LOAN OVERVIEW
🏠 Development exit loan
🏠 £1.35m gross facility
🏠 75% LTV
A special mention to Senior Lending Manager, Sam Shand, who worked closely with the borrower for more than 350 days before the deal was ready to proceed. His persistence, commitment, and relationship management were instrumental in bringing the transaction to a successful conclusion.
For more information on our development exit loans, click here.
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