Commercial property purchase

Bridging loan | First charge | Public house | Leicester

Client’s circumstances: The client owned a car leasing company which, due to rapid expansion, urgently needed more space. The client approached LandlordInvest to raise funds to purchase a former public house on the outskirts of Leicester City Centre, with the intention of converting it into office space to accommodate the company’s growth.

LandlordInvest’s service: LandlordInvest was quickly able to provide the client with a first charge loan of £220,999, with a 6 month term and a LTV of 61.4%.

The result: The client was able to purchase the pub and complete the conversion into an office space, to operate the car leasing business. The client repaid the loan on its maturity date by refinancing into a commercial mortgage.

Investment through LandlordInvest involves lending to individuals and companies, so your investment can go down as well as up. Borrowing through LandlordInvest involves entering into a mortgage contract secured against a property as the borrower. Your property may be repossessed if you do not keep up repayments on your mortgage.

LandlordInvest Limited is authorised and regulated by the Financial Conduct Authority (FCA) (FRN 660926). LandlordInvest Limited is not covered by the Financial Services Compensation Scheme (FSCS).

Loans provided to borrowers through LandlordInvest are provided solely for business purposes. Loans are therefore not regulated by the Financial Services and Markets Act 2000 or the Consumer Credit Act 1974. You should seek independent legal advice if you are in any doubt as to the consequences of the loan not being a regulated agreement under those Acts.

LandlordInvest Limited (Company No. 09245725), registered office 5 Chancery Lane, London, WC2A 1LG

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