Commercial Property in South West London

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 bridging loan 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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Our Calculators:

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Bridging Loan Calculator

Calculate the loan amount you may be able to apply for and the interest payment options available to you.

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Buy-To-Let Mortgage Calculator

Use the calculator to understand which product tier best matches your BTL requirements.

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Contact us

Speak to us on the phone, via chat or email about your case, however complex it might be. We have a friendly, dedicated team and one of our underwriters will be happy to help you with your enquiry. We will always try to lend, and when we say yes – we mean it

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