Client’s circumstances: The client, a limited liability partnership, had secured a discounted purchase price of the property subject to the client completing the purchase within 5 weeks. Due to the specific completion date the client was in urgent need of a loan to benefit from the discounted purchase price. The client already had terms for part of the purchase price from a senior lender but needed additional funding to be able to complete on the purchase.
LandlordInvest’s service: LandlordInvest was able to provide an 8 month £287,086 mezzanine loan at 68.7% LTV.
The result: Upon loan maturity, LandlordInvest allowed the client additional time to refinance the loan by offering a loan extension. The loan was able to repay the loan shortly after the loan extension date.
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
