- UK National and Resident
- £2,830,000 property in St. Albans
- 55% LTV Total Lending
- 11 month Term
- 40 day Completion
We were approached by a client who was looking for a quick turnaround on a complex refinance.
The property is a multi-unit serviced apartment block in St. Albans, and the previous loan was £1.5m under a UK limited company. Since we are able to lend directly to UK companies on a bridging basis, this worked perfectly for this particular case.
With the lending structure confirmed, we then took this case to completion in 40-days.