Property value

£9.4 million

Low yield

Historic voids

Saving

£240,000

High value but-to-let in prime London with unsuccessful marketing

required loan renegotiation, benefitting from lower rates

The deal

Assets

  • £9.4m residential property, buy-to-let

Security

  • London property
  • Equity portfolio

Income

  • From rental
  • From trading equities

Requirements

  • £4.7 million refinance

Challenges

  • Historic voids
  • Low yield
  • Seeking to sell

Facility Secured

  • 5 year term
  • Interest only
  • Existing lender

Summary

A wealth management company were seeking to refinance an existing facility on a London residential property.

The challenges were that the property had been unsuccessfully marketed for the past 3 years, it had struggled to secure tenants, and that rental yield was low. The existing lender was concerned about the history and current LTV.

After negotiation, the facility remained with the existing lender. A new management and reporting plan was put in place and the security realigned to include an existing equity portfolio managed within the group, but to which no value had previously been placed.

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Colliers International Structured Finance
Second Floor, Weighbridge House, Liberation Place, St.Helier, JE2 3NA, Jersey.

+44 1534 767 600
structuredfinance@colliers.com

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