Completed - £24M Development Exit Loan in Surrey

Alburys Property Finance is delighted to announce the completion of a £24M Development Exit Loan in Surrey

THE SCENARIO

Our client, an experienced Property Developer, had completed a luxury scheme of 57 houses and flats in Surrey using senior and mezzanine funding. Having sold over 50% of the scheme they were left with 25 units with just the expensive mezzanine funding outstanding. 

SECURITY

A mix of 25 luxury houses and apartments (Original stock being 50+ units).

REQUIREMENTS

To refinance the remaining 25 units onto a much more cost-effective development exit finance package.

 OUR SOLUTION

  • Security Value £40M

  • Gross Loan £24M

  • LTV 60%

  • Rate 3% + SONIA per annum

  • 12 months term extendable to 18 months

  • Interest - Fully Retained

  • Exit - Sales

  • Cash release to our client on each sale once an LTV hurdle achieved

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £1.4M Residential Holiday Let Refinance in Mudeford

Alburys Property Finance is delighted to announce the completion of a £1.4M Residential Holiday Let Refinance in Mudeford

THE SCENARIO

The client was looking to refinance and capital raise to repay a business loan.

SECURITY

The property is a luxury 5-bed semi-detached house backing onto Mudeford harbour valued at £2M.

 OUR SOLUTION

  • Gross loan £1.4M

  • 70% LTV

  • £800K Capital Raise

  • 5.29% pa 2 yr fixed

  • 24 months term

  • 1.75% Arrangement Fee

  • Interest Only

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £1.3M Refinance Bridging Loan in West London

Alburys Financials is delighted to announce the completion of a £1M residential refinance bridging loan for the purpose of freehold enfranchisement. 

THE SCENARIO

Our landlord client required a £1M bridging loan secured against 6 flats within the same block. This allowed them to change the ownership of each flat to qualify for freehold enfranchisement. During the loan term, they will purchase the freehold, allowing them to extend the leases and refinance.

SECURITY

The client owns 13 out of a block of 18 flats in West London with 6 being used as security.

REQUIREMENTS

An 18-month bridging loan, with the ability to service the loan allowing for the maximum day one net loan.

 OUR SOLUTION

  • Security Value £ 1.3M

  • £1M Gross Loan

  • 75% LTV

  • 7.8% pa Fixed

  • 0.65% pm

  • 18 months term

  • Interest - serviced

  • Exit - BTL refinance post lease extension

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £300K BTL 2nd charge mortgage in West London

Alburys Financials is delighted to announce the completion of a £300K BTL 2nd charge mortgage for one of our experienced landlord clients.

THE SCENARIO

Our clients are well-established property developers with 20 years of experience developing houses and apartments in Midlands and South-East and were looking to raise capital to purchase more properties. 

SECURITY

The property was a block of 8 flats in Uxbridge. 

REQUIREMENTS

As the client's first charge mortgage had redemption penalties, a second charge mortgage was needed.

 OUR SOLUTION

  • Security Value £ 2M

  • £300k 2nd charge

  • 65% LTV once taking the 1st charge into consideration

  • 3.75% Fixed 5 years

  • 0% Arrangement Fee

  • Interest Only

The client is a well-established property developer with 20 years of experience developing houses and apartments in London and the South East.

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements then please don't hesitate to contact us, we’d love to hear from you.

CALL US ON +44 (0)20 3934 9998

Credit Approved - £38M Development Exit Loan in Surrey

Alburys Financials is delighted to announce that we have recently had credit approval for a good client of ours for £38M Residential Dev Exit Refinance.

THE SCENARIO

The Client recently completed the development of over 50 houses and flats in Surrey. The Client is now looking to refinance the remaining unsold units onto a cost-effective development exit finance package for the sales stage. Currently, the debt package includes a senior and mezzanine lender.

SECURITY

The remaining security units are 40 luxury detached, semi-detached and terraced houses as well as some blocks of apartments, all on a single freehold.

REQUIREMENTS

The Client is looking for a 12 to 18-month flexible facility to fully pay down the senior debt and as much of the mezzanine funding that's possible. The main goal is to provide a more cost-effective funding package and provide time to sell the properties.

 OUR SOLUTION

  • Security Value £ 62.5M

  • £ 37.5M Gross Loan

  • 60% LTV

  • 3%+BoE pa

  • 12-month term with an option to extend to 18 months

  • 1% Arrangement Fee

  • 1% Exit fee

  • Interest - Fully Retained

  • Exit method - Sales

  • Deed of priority between the new senior lender and existing mezz funder. 

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £3.9M BTL remortgage on a property in Cobham, Surrey

Alburys Financials is delighted to announce the completion of a £3.9M BTL remortgage on a block of flats in Cobham, Surrey.

 THE SCENARIO

In this case, the Borrower was a UK-based property investment business with UK-based shareholders and directors. The security was a freehold block of 18 flats in Cobham, Surrey

 REQUIREMENT

In order to obtain a better deal and the peace of mind that comes from knowing that their payments will remain fixed for 5 years, our Client decided to refinance through us instead of their current lender.

  OUR SOLUTION

  • Security Value £6M

  • £3.9M Gross Loan

  • 65% LTV

  • £125K Capital Raise

  • 2.95% pa 5 yr fixed

  • 1.6%Arrangement Fees

  • Interest Only

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £4.5M Green Buy to Let Loan in Camden, North London

Alburys Financials is pleased to announce the completion of a £ 4.5M Investment Loan on a five-storey freehold block of 9 flats in Camden.

THE SCENARIO

Our client recently completed a new scheme of 9 flats in North London and was seeking to refinance away from their current development lender and raise capital for future projects.

Key requirements being:

5 years fixed competitively priced rate buy to let, up to 65% LTV.

  OUR SOLUTION

  • Security Value £ 7M

    £4.5M Gross Loan

  • 65% LTV

  • £1.4M Capital Raise

  • 2.95% pa 5 yr fixed

  • 2% Arrangement Fee

The client is a property developer with more than 20 years of experience in developing houses and blocks of apartments in London and the South East.

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

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Completed - £1M BTL Mortgage in Bayswater, London

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Alburys Financials is delighted to announce the completion of a £1M BTL mortgage.

THE SCENARIO

Our client is highly experienced in property refurbishment, both contractually and speculatively.

SECURITY

The property is a terraced house in W2 London which has undergone extensive refurbishment.

REQUIREMENTS

The client was looking for a buy to let remortgage, fixed for 5 years for an amount of £1M which was used to repay the current lender and capital raise for further projects.

 OUR SOLUTION

  • Security Value £ 1.7M

  • £1M Gross loan

  • 60% LTV

  • £450k Capital Raise

  • 4.09% pa Fixed

  • 120 months term

  • Interest Only

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £3.2M Semi-Commercial Development Exit Loan in West London

Alburys Financials s delighted to announce the completion of a £3.2M Semi-Commercial Development Exit Loan in West London.

THE SCENARIO

  • The security was a corner plot building consisting of 10 flats and office space on the ground floor

  • Current value was £5.2M

  • Current debt was £2.5M

REQUIREMENT

  • The Borrower needed to refinance away from their development funder to allow time to sell their units and capital raise for other property investments

  • They required a short-term loan, up to 18 months to give them time to achieve the best prices possible, especially in light of the recent Covid 19 situation

OUR SOLUTION

  • £3.2M loan

  • 62% LTV

  • Capital raise £700k

  • Retained interest

  • 18-month term

  • Rate 0.6% p.m

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements then please don't hesitate to contact us, we’d love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £3M Development Exit Loan on four detached houses in Brighton

Alburys Financials is delighted to announce the completion of a £3M Development Exit Loan on four detached houses in Brighton.

THE SCENARIO

Our Client was the Director of a successful development company in Surrey.

The Client had just completed 4 detached houses on a site in Brighton using funding from a mainstream lender at 50% LTV.

The 4-bed houses were valued at c£750k each giving a total GDV of c£3M.

Our Client required the facility to repay their current lender and capital raise for cashflow purposes.

Essential requirements were sped along with no exit penalties. 

 OUR SOLUTION

  • Current value £3M+

  • £2M Gross Loan

  • 6.15 % pa

  • 12 months term

  • Interest - Fully Retained

  • Exit - refinance or sale

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £800K 2nd Charge Residential Investment Bridge Loan on a Luxury Detached House in Esher

Alburys Financialsis delighted to announce the completion of a £800K Residential Investment Bridge Loan on a luxury detached house in Esher, Surrey.

 THE SCENARIO

Our client was an experienced property professional in both property development and investment. The security property was a luxury detached house set in a prime location in Esher. 

The client required a 2nd charge loan to raise equity for the purchase of a new development scheme in Surrey. The exit being the sale of the property.

Essential requirements being maximum loan amount and ability to complete in a short timeframe of 3 weeks. 

OUR SOLUTION

  • Security Value £2.5M

  • £800K Gross Loan

  • 67% LTV

  • £700k Capital Raise

  • 0.95% pm

  • 12 months term

  • 1.5% Arrangement Fee

  • Interest - Rolled Up

  • Exit - Sale of property

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £6M Development Exit Loan on eight flats in Chelsea

Alburys Financials is delighted to announce the completion of a £6M Development Exit Loan on eight flats in Chelsea.

THE SCENARIO

Our Clients were prolific property investors based in the principality of Monaco. Their portfolio consisted of property assets throughout Europe with a combined value of £200 million.

They had just completed a luxury development of 8 flats in Chelsea, having purchased and developed using cash reserves.

As expected, the units were of an exceptional standard.

The 8 flats had a combined value of £12M.

Our Clients required the facility to capital raise for another UK project.

Essential requirements were ease, and flexibility, along with no exit penalties. 

 OUR SOLUTION

  • Current value £12M

  • £6M Gross Loan

  • LTV 50%

  • 5.99 % pa

  • 12 months term

  • Interest - Fully Retained

  • Exit - refinance or sale

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £1M Bridging Loan for a Basement & Ground Floor Commercial Unit in East London

Alburys Financials is pleased to announce the completion of a £1M Bridging Loan on a Basement and Ground Commercial Unit in East London.

THE SCENARIO

Our Client was the Director of a successful construction company in London.

The property being purchased was the basement and ground floor of a newly constructed tower block in East London. 

The purchase price was £2M+.

Our Client required the facility to purchase and hold the property while enhancing the planning before either refinancing onto a commercial investment loan or selling for a profit.

Essential requirements were speed, ability to buy while vacant and to refinance or sell with no exit penalties. 

 OUR SOLUTION

  • Purchase Price £2M+

  • £1M Gross Loan

  • 9.6% pa

  • 9 months term

  • 2% Arrangement Fee

  • Interest - Fully Retained

  • Exit - refinance or sale

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £5.1M Residential Investment Refinance Loan on 10 houses in Middlesex

Alburys Financials is delighted to announce the completion of a £5,075,000 Residential Investment Refinance Loan on 10 houses in Middlesex.

THE SCENARIO

Alburys Financials was contacted by one of our long-standing Clients, a highly experienced property entrepreneur based in the UK.

 The security property consisted of 10 detached houses in a private cul-de-sac in Middlesex which our client built-in 2015. It was valued at £7.5M with a rental income of £265K. The existing facility was £4.5m with a variable rate of 4.25% pa.

 The borrower required a new facility to refinance away from the existing lender. The loan was due to expire in just 4 weeks and the new terms being offered would have meant the client needed to inject £500K into the deal.

 Key requirements were to capital raise for the group's other projects and the ability to sell one or 2 units per annum without early repayment penalties. 

Critically, we needed to complete the loan in the short timetable to avoid the risk of any default interest incurred by the current lender.

OUR SOLUTION

  • £ 5,075,000 Gross Loan

  • 68% LTV (76% LTV based on block value)

  • £500K Capital Raise

  • 4.15% pa fixed for 5 years

  • 1.5% Arrangement Fee

  • Interest Only

  • 20% overpayments allowed per annum

  • 20% of any sales proceeds to be retained by the client

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £5.7M Resi Investment Refinance Loan consisting of 62 apartments in Birmingham

Alburys Financials is delighted to announce the completion of a £5.7M Resi Investment Refinance Loan consisting of 62 apartments in Birmingham.

THE SCENARIO

Alburys Financials was approached for a refinance facility by our Client, a prolific Landlord and Developer with properties across the Midlands and South East.

 The security property consisted of 62 new-build apartments in a block of 107 on a single freehold. The Client completed the property this year and having sold 45 units decided to retain the remainder for his portfolio. The security was valued at £7.5m with a rental income of £540k per annum.

 The existing facility was £1.6m with a current rate of 8.3% pa. 

 The borrower required the new facility to repay the current development loan, which we had arranged in 2017.

 Key requirements were to fix the rate, obtain max capital raise for other property investments and have the ability to make overpayments. 

OUR SOLUTION

  • £ 5.7m Gross Loan

  • 76% LTV

  • £4.1m Capital Raise

  • 4.15% per annum

  • 5 year fixed

  • 1.5% Arrangement Fee

  • 20% overpayments allowed each year

  • 20% of funds retained by the client for any sales made

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £3.3M Finish & Exit Loan consisting of 9 residential units and one commercial unit in East London

Alburys Financials is delighted to announce the completion of a £3.3M Finish & Exit Loan consisting of 9 residential units and one commercial unit in East London.

THE SCENARIO

  • The Development Loan that was in place had been extended several times and was due to expire again

  • There was a further time and cost overrun which the Client was unable to fund

  • The security was located in East London and consisted of 9 residential units along with a commercial unit on the ground floor

  • The security was 80% part-complete with 2nd fix and fit-out required

  • Current value was £3.8m

  • Current debt was £2m

  • Remaining build costs and contingency were £750k

  • GDV was £6.4m

OUR SOLUTION

  • 12-month Exit & Finish Loan Facility

  • 1.5% arrangement fee, no exit fees

  • 0.75% pm rolled-up

  • £2.2m day one net loan to repay the existing Lender and provide a cashflow fund of £200k

  • £750k draw-down facility

  • Total facility of £3.3m

  • Completed in 4 weeks

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £1.6M Refinance Loan consisting of 3 luxurious flats and one retail unit in Clapham

 

Andy Stanbury, Director of Alburys Financials is delighted to announce the completion of a £1.6M Refinance loan.

 The Clients required a mid-term refinance and capital raise on a mixed-used scheme that they had just developed in Clapham.

 The converted scheme consisted of 3 luxury flats and a shop below. The annual rent was £110k with a completed GDV of circa £2.1M.

 The Clients’ main requirements were to repay the existing £800k loan and then capital raise for future projects.

 We were able to structure the following:

  • 75% LTV loan with the addition of the arrangement fee added in giving a total loan of £1.6M

  • Fixed rate 4.89% for 2 years

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £4.2M Development Loan for 4 luxury houses in Richmond

Andy Stanbury, Director of Alburys Financials is delighted to announce the completion of a £4.2M Stretched Development Loan.

Our Developer Client required a Stretched Development Loan to repay a Bridging facility, to fund 100% of the development costs and allow for interest roll-up for the duration of the loan.

The scheme is for 4 beautifully designed luxury houses in Richmond.

We have structured a 70% LTGDV, 20-month Development facility at 8% per annum, giving our Client 12-14 months for construction and a 6-8 month sales period.

The exit route to be - Sales.

Andy commented “Gearing was a key factor to helping our Client on this particular facility. Our Client is now ready and keen to get on site after 6 months of planning and its successful outcome….”

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £2.6M Refurbishment Loan for 9 Apartments in East Dulwich

Andy Stanbury, Director of Alburys Financials is delighted to announce the completion of a £2.6M Refurbishment Loan in East Dulwich. 
 
Our Developer Client required funding to purchase a block of 9 apartments requiring full modernisation along with funding for the construction and professional costs, including interest roll-up.

The Client will also be applying for planning consent to add an additional floor as well as four further units in the car park.

We arranged for our valued client a 67% LTGDV, 18-month term facility at 7.5% per annum, allowing for a 12-month conversion phase and 6-month sales period. In addition, the Lender has agreed to fund any further works that are consented to.

The exit route to be - Sales and/or Investment Loan.

Andy commented “Speed and the flexibility of our Partner Lender was paramount. Tony was a great pleasure to work with, and we look forward to working with him again soon” 

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements then please don't hesitate to contact us, we’d love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £2.5M Bridge completed in Richmond

Andy Stanbury, Director of Alburys Financials is delighted to announce the completion of a £2.5M bridging loan facility.

Our successful Architect turned Developer required Bridging Finance to help fund the purchase of a large house in Richmond.

We structured a 70% LTV, 7-month bridging facility at 0.6% per month with no exit fees that allowed our client sufficient time to obtain planning consent for four luxury houses.

The exit route was a Stretched Development Loan.

Andy commented “Speed and the level of funding was critical to helping our client with the acquisition.  We partnered with one of our key lenders who were supportive from start to finish and delivered the required funding within 2 weeks from application”

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

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