HMO Portfolio Bridge in 14 days

Excellent
finspace
4.9 Out of 5
finspace

A very experienced HNW landlord from London came to us looking for a bridging loan that was secured against 3 of their HMO properties. The loan was required to repay an existing bridging facility and drop the properties down into new SPVs created by the current group company. The transaction was made more difficult as the current lender was at the point of recovery due to the loan being over the term, a hard deadline of completing within 14 days was required.

The valuation of one of the properties was undervalued making the loan impossible within the maximum 75% LTV. Our lender however took a pragmatic approach and took a view on two historic valuations that confirmed the property was of a much higher value than their valuation report advised. We arranged the facility to ensure that the full loan required was raised and the loan completed within the required 14 day period.

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FinSpace is a master broker with access to over 130+ lenders based in central London covering the UK and Wales. Our team of 30+ experts will talk you through the application process and package your application from start to finish. We can browse the market and ensure to provide you with market-leading competitive rates to suit your circumstances.

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