Case Study 16

Complex made easy

CASE STUDIES

Our experienced clients were purchasing a grade II listed building with full planning to convert to 7 x self-contained flats (via a company share purchase)

Security; Three storey mid-terrace Grade II listed building
Purchase price £1m
Day 1 loan; £706,068
Refurb element; £493,700
Total Gross facility; £1,316,000
Day 1 OMV; £944,151 75% LTV
GDV; £1.880m
LTGDV; 70%
Term; 12mths
Exit; sale

Case Study 15

Complex made easy

CASE STUDIES

Our client was looking to purchase a site in a limited company name to Demolish the existing house and develop a three storey detached double fronted block of 9 flats (5 x 1 bed and 4 x 2 bed)

Purchase Price; £1,000,000
Development loan; £1,027,000
Total facility including interest £1,779,750
Gross loan day 1 £640,872
Term; 18mth term
GDV; £2,825,000
LTGDV 63%
Exit; sale

Case Study 14

Complex made easy

CASE STUDIES

Client looking to purchase 4 x vacant commercial units (light industrial) in a limited company. The units had full planning to convert to 4 x 1 bed resi properties in a commercial/resi location.

Security; 4 x vacant commercial units
Purchase price £450k,
Gross loan £296,310
Net loan £290,500 (64.56% LTV)
Term; 9mth term with full interest roll up
Exit; Switch to term finance
Total cost of works; £108k (funded from clients own funds)
GDV of £880k.

We have now arranged a BTL term loan on one application for all 4 BTL units at a borrowing of 75% LTV against a value of £945k

Case Study 13

Complex made easy

CASE STUDIES

LLH Flat Purchase – light refurb and lease extension

Our client was looking to purchase a LLH flat (66yrs) to spend £40k on works to the property including re-wire, plumbing, new bathroom, kitchen and en-suite to master bedroom (no planning needed and no structural works) and to also extend the lease throughout the bridge to 125yrs

Security; 2 bed long leasehold flat
Purchase Price; £450k
Loan; £306,172 (68% LTV)
Term; 12mth bridge
Cost of works; £40k (funded from client’s own funds)
GDV; £750k

All works were completed, and we are now arranging finance to switch to a term loan with the same lender on a loan amount if £507k against £780k value on a 5yr interest only term.

Case Study 12

Complex made easy

CASE STUDIES

Our client had 4 weeks to arrange the purchase of a BTL property that required refurbishment works of circa £23k prior to letting

Security; 4 bed detached house
Value; £420,000
Loan; £308,700 (73.50% LTV)
Term; 3mths
Interest rolled
No exit fee

Case Study 11

Complex made easy

CASE STUDIES

Our client had owned the security since 2008 and was looking to re-mortgage to clear the existing first charge;

Security; Mixed commercial and residential property comprising a retail shop and residential upper parts (A1 retail & C3 residential)
Value; £360,000
Loan; £152,250 (42% LTV)
Term; 10yr term
Repayment; Interest only

Case Study 10

Complex made easy

CASE STUDIES

Security; Our clients developed a site of 37 light industrial units – they chose to retain 16 of the units and switch from development finance to commercial term finance. Some units were still vacant on completion.

Security; 16 x light industrial units
Value; £3,688,000
Loan; £2,361,450 (64% LTV)
Term; 5yr term
Repayment; Interest only

Case Study 9

Complex made easy

CASE STUDIES

Security; Our clients developed a site of light industrial units – they sold some off and chose to retain some by switching from development finance to a commercial term loan.

Security; Portfolio re-mortgage of 6 x light industrial units and an office building.
Value; £1,590,000
Loan; £1,158,750
Term; 5yr term
Repayment; Interest only

Case Study 8

Complex made easy

CASE STUDIES

Our client was looking to purchase a resi 4 bed property to undertake some very light refurb works to convert to a 5 bed licenced HMO. His long-term intention was to apply for planning to develop a block of flats. Mainstream lenders declined due to the commercial location of the security and so a more specialist lender was required;

Security; 4 bed detached property
Purchase Price; £600,000 (vacant possession value)
Loan; £450,000 (75% LTV)
Term; 2yrs
Repayment; Interest only