Bridging

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 - £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 - £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

Completed -£11M Development Exit Loan completed on 123 units

Andy Stanbury, Director of Alburys Financials is delighted to announce the completion of three development exit loans totalling £11.1M.
 
Our long term highly successful Clients are specialists in new build and permitted development schemes, required a refinance and capital raise to fund further purchases and start development works on existing pre-owned sites.
 
The property portfolio, which included 16 completed new build units near Luton and 107 partially completed new-build apartments in the Midlands, has a current value of £17M.
 
We have developed a fantastic relationship with our Lenders over the years. As a result, we can often get cases sanctioned that others can’t.

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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