Client’s circumstances: A successful property developer required a mezzanine loan behind Hampshire Trust Bank’s senior loan, to develop six detached bungalows in Bexley with a Gross Development Value (GDV) of £3.4 million.
LandlordInvest’s service: LandlordInvest raised the funds needed to complete the purchase within one working week and provided a mezzanine loan of £229,008, with a loan term of 21 months at 77.7% LTV.
The result: LandlordInvest’s facility enabled the client to purchase the land and successfully complete the project. The client repaid LandlordInvest’s loan by refinancing on to a development finance exit product with a leading non-bank lender.
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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 330 High Holborn, London, WC2A 1HL
