🚀 Thrilled to announce the successful completion of a challenging deal! 🏘️ We have completed the refinancing of a Buy-to-Let property portfolio to release funds for a Management Buy-In (MBI) business acquisition. Structuring finance to address different problem statements and requirements is always a challenge as no too finance cases are the same. 💼 The result? A 2nd charge bridging loan that we sourced will help the client and their consortium acquire a wholesale supply business valued at over £1.6 million. ⚙️This was no straightforward transaction as it involved a number of moving parts and hurdles along the way including: 💠Secured a 2nd charge bridging facility exceeding 70% LTV to optimize loan proceeds and meet the client’s funding objectives 💠Securing lender approval for equitable charges 💠Navigating valuation challenges (post summer backlog resulted in delays) 💠Achieving drawn down within a tight time frame Despite the obstacles, effective communication and a shared commitment with the end client, lender, valuers, accountants, legals, 1st charge lenders, for to getting this over the line made this completion possible! Onwards and upwards!

Posted by Sanjay Majithia at 2025-10-08 14:00:04 UTC