Purchase of freehold

Bridging loan | Second charge | Terraced | London

Client’s circumstances: A limited company was looking to purchase the freehold of a commercial property, a well-known East End adult entertainment bar. The client had an offer from an established bridging lender but required additional funds to be able to complete on the purchase.

LandlordInvest’s service: LandlordInvest provided a mezzanine loan of 312,500, with a loan term of 12 months at 65.5% LTV.

The result: The client acquired the freehold and refinanced the loan with a high street bank prior to maturity.

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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