• Location
    Plymouth
  • Loan Type
    Residential
  • Value
    £3,800,000
  • LTV
    67%
  • Loan Amount
    £2,500,000

Refinancing Facility

A refinance facility of £2.5m was provided to repay several clearing bank loans secured by a mixed portfolio of investments comprising flats, houses and offices some with development potential.

The security was complex with over 30 tenancies and the need to amalgamate the ownership of assets into a single vehicle. The loan is being repaid by a combination of refinance with long-term loans and sales.

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