A LARGE PORTFOLIO WITH A COMPLICATED OVERSEAS STRUCTURE
The case was for a BVI registered limited company with 3 directors based in Singapore looking to remortgage a £5m portfolio to redeem the various existing lenders, but also to release capital to purchase additional property. Added to the complexity was the need to topslice rental income to service the loan.
We housed the case at the full loan amount, utilising a lender who took a commercial view on the rent and experience, and sourced offshore opinion letters to confirm the structure. All of this was done in 3 weeks from application meaning the client could purchase quickly.