Case study: Capital raise for freehold acquisition and development planning
Written by Luke Stevenson
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Location: Crystal Palace
Loan amount: £547,500
LTV: 75%
Purpose: Capital raise on existing property for acquisition
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An experienced property investor approached us for a capital raise against an existing maisonette in a high-demand area of South London.
With the extra £100k capital from the refinance they intended to purchase a share of the freehold and obtain planning permission for development.
After finalising costings and schedule of works they intended to exit the loan with development finance, for which a valuer had provider a GDV of £900,000, enough to cover this loan and the planned works.
With this in place, we were happy to back the deal.
To take a closer look at our rates, offers and get instant quotes, visit our product page.