Post completion, the client will carry out a very light refurbishment to prepare the property for rental.
The client owns an extensive portfolio and has a requirement to repay existing finance on this property – one of two barn conversions on a vineyard in eastern England.
Post completion, the client will carry out a very light refurbishment – redecoration throughout – to prepare the property for rental.
The basics
Valuation: £750,000.00
Initial gross loan: £525,000
LTV: 70%
The proposed exit is the sale of another ongoing development to repay this loan.
If you have a similar case under your belt, do not hesitate to get in touch.