| GROSS LOAN | LOAN TYPE | TERM | LTV | LOCATION | MONTHLY RATE |
|---|---|---|---|---|---|
| c. £4.7m | Refinance Bridge | 12 months | 70% | SW London | 0.80% |
OVERVIEW
The borrower required a refinance bridge to repay an existing development facility to give them adequate time to market and sell the property. The customer’s feedback has been extremely positive and we look forward to working with them again on future projects.
THE BORROWER
An experienced developer specialising in luxury property who had recently completed a significant refurbishment of a unique, 8,500 sq ft, seven storey, Grade II listed period property in South West London.
What the borrower said: “Stratbourne Capital were great in making the process simple and straightforward, just as was suggested would be the case. A great product and personal service. We look forward to working with you again in the future”.
Underwrite: Stratbourne Capital has discretionary access to capital and can analyse and support time sensitive opportunities. In this instance, the borrower needed a quick solution to support its project. Our experienced team aligned with the borrower’s professionalism and local development expertise enabled us to work together and deliver a positive outcome.
Terms and Timelines: Stratbourne Capital were able to complete on the £4.7m loan facility at a 70% LTV, within a short timeframe, in order to meet the borrower’s existing redemption requirements. The loan completed within 15 days of the initial enquiry.
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Company No. 10790634. Registered address: First Floor, International House, 1 St. Katherine Street, London, E1 9UN
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