£4m Refinance of Residential Portfolio

Saving a portfolio from distress

Loan Size: £4m

Location: Midlands

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.

 

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