£4m Refinance of Residential Portfolio
Saving a portfolio from distress
Loan Size: £4m
Loan Type: Refinance
Security Type: Residential portfolio
Term: 12 months
About the Deal
The client needed to purchase a portfolio from a distressed debt portfolio. The lender from a previous owner had ceased the portfolio and they now sought to auction it.
The client approached us looking for a bridging loan to acquire the portfolio and allow time to tenant the empty properties and then refinance onto longer-term debt. They needed a quick turn around as they had paid the deposit and had 30 days to complete the purchase.