£6.4m Refinance of a 43-Property Portfolio
Published 24 October 2024
Attribution: FinanceMyCompany.co.uk, in association with The UK Adviser
A £6.4m refinance of a 43-property portfolio in the North West of England, completed with Hampshire Trust Bank as lender. The borrower retained 43 properties, sold two, and raised a seven-figure sum for future acquisitions. Offer to funding in five days.
A £6.4 million refinance was completed for a 43-property portfolio in the North West of England, enabling the borrower to exit a bridging loan and raise capital for further acquisitions.
The portfolio had been acquired earlier in the year at approximately 30% below market value using bridging finance. With a bridge loan payment approaching, the borrower needed a refinance to meet the deadline and release additional funds.
Working in collaboration between Hampshire Trust Bank and The UK Adviser, the case moved from offer to funding in five days. A full redbook valuation was instructed immediately, and legal fees were paid before the case was formally offered to ensure the bridge payment deadline could be met.
The borrower retained 43 properties, sold two, and raised a seven-figure sum for future investments. Maxim Cohen, chief executive of The UK Adviser, described it as a strong example of collaborative execution and a successful bridging loan exit.
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