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Refurbishment of commercial property

Bridging loan | Second charge | Semi-detached | London

Client’s circumstances: A founder and owner of an Italian restaurant group was looking to complete a refurbishment in one of his award-winning Central London restaurants. All the client’s other assets were encumbered and the client was only able to offer his North London home as security.

LandlordInvest’s service: LandlordInvest was able to provide a 12-month, £351,511 second charge loan at an LTV of 56.3%.

The result: The loan allowed the client to refurbish the restaurant and the 12-month period was enough for the client to refinance the loan with another lender and repay the loan before its 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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