Urgent Refinance of Multi-Unit Block

loan amount £4,125,000
gearing 43%
structure Bridge
asset class Residential

This prime London 6-unit apartment block was initially refinanced on an expensive bridging loan, which was due to default if not repaid within 3 weeks. In just 13 working days, the Karis team were able to source a new lender and leverage a relationship with a local valuer to obtain a satisfactory valuation and ultimately drive the deal to completion. The client was provided with a more cost-effective product, which gave them time to restructure the debt into a long-term buy-to-let solution.