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We recently supported a professional landlord with a refinance deal to purchase a semi-commercial property in North London. The value of this interest-only, semi-commercial loan was £1,295,000 at 71% LTV (including fees) for a term of 25 years.
Already an existing Shawbrook customer, with a large overall exposure of £8.9 million, they once again turned to us for funding to purchase a five-storey Victorian property. The property consists of a commercial space found on the ground and lower ground floors, featuring a pair of mid-terrace shops, and a 6-unit HMO on the upper three floors. The property also includes a roof extension and basement.
We worked closely with DAS Finance Ltd to understand the customer’s complex needs and deliver a practical funding solution that allowed the customer to repay a bridging loan used to purchase the security originally, and subsequently move onto longer-term financing.
We have long supported this customer with specialist finance solutions to expand their portfolio, which has evolved from smaller Buy-to-Let residential properties to include this new commercial asset, which is the largest of the portfolio.
- David Van Praagh, Director at DAS Finance Ltd
David Van Praagh, Director at DAS Finance Ltd, commented:
"Shawbrook's commitment to understanding our client’s unique needs and delivering tailored finance solutions has been instrumental in fostering a long and successful partnership. With this latest refinance deal, Shawbrook supported our client’s journey of portfolio growth and clearly demonstrated its capability in providing reliable specialist finance solutions to meet their unique needs. Shawbrook’s dedication to our client's evolving needs is a testament to the strong relationship we've built over the years."
Daniel Standing, National Relationship Manager at Shawbrook, commented:
"We are thrilled to assist our customer in achieving their property investment goal. This particular case represents a significant milestone in our relationship with this valued customer, who has successfully broadened and diversified their portfolio with the aid of our financial solutions.
We have recently enhanced our Commercial proposition, and we are delighted to be supporting both landlords wanting to diversify and those already experienced in the Commercial sector.”
Our team of experts across the UK are ready and waiting to speak to you about how we can help you realise your property aspirations. Use our enquiry form to get in touch, or contact the team directly through our contact page.
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