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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.

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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).

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