Commercial Finance Brokers (UK) (CFBUK) was approached by the owner of three Buy to Let properties who had the opportunity to expand by purchasing an industrial unit from a family member. The family member was also offering to gift the deposit to our client.

The industrial unit was rented out to a good tenant who was looking to renew their £600/m lease for five years from completion. The purchase price for the unit was £85,000 and the deposit gifted was £25,500 leaving a funding gap of £59,500, or 70% LTV, for us to finance over 20 years in exchange for a first legal charge.

CFBUK helped the client to raise the funds required using their expertise and knowledge of the market.

CFB achieved full amount required at Bank Base + 2.75% over the loan term required and within the client’s preferred time frame.