Client’s circumstances: An experienced HNW developer, having switched from a successful career in a top-tier US investment bank, had completed a conversion of 10 flats in Royal Tunbridge Wells, with an aggregated GDV of £5,515,000, and was looking to refinance the development loan. A senior lender, with whom LandlordInvest has a long-standing lending relationship, introduced the loan as the developer needed to increase their leverage in addition to the senior lender’s loan offer.
LandlordInvest’s service: LandlordInvest provided a 12 month, £336,186 second charge loan at an LTV of 67.2%.
The outcome: The loan was initially extended for a period of three months and thereafter refinanced shortly after loan maturity by a term facility with a respectable and market-leading 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
