Client’s circumstances: A successful and well-known property development company planned to refurbish and develop a mixed-used property Evesham, West Midlands. The proposed works included refurbishment of a ground floor retail space and change of use of an existing first floor maisonette into two flats, together with a two storey rear extension.
The client had terms from a well-known lender, who had instructed valuation and legals. However, the lender’s funding line was suddenly pulled and the client’s broker reached out to LandlordInvest directly.
LandlordInvest’s service: LandlordInvest took the client onboard, providing a first charge development facility of £85,539, with a loan term of 12 months at 56.1% LTGDV.
The result: The client successfully refurbished and developed the property as intended and repaid LandlordInvest’s facility before maturity by refinancing with another lender.
Commercial property loans from £100,000 to £1,000,000.
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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
