Commercial Property in South West London

Location:

South West London

Gross Loan Amount:

£1,300,000

Property Value:

£2,000,000

Initial Circumstances

An existing client required a facility to pay off their existing lender. The asset comprised of a huge commercial unit and there was a delay in their development finance which was close to completing.

MFS Solutions

MFS worked quickly and efficiently to ensure the client didn’t fall into default with their existing lender. The rates offered were much more competitive than the default rate that would have been charged by their existing lender. We swiftly moved the matter forward by instructing valuers and engaging the solicitors simultaneously. The exit was through development finance.

The Benefits

Our client did not pay default charges or any penalty for early repayment, which allowed the client to redeem the loan as soon as their development finance completed.

 

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