Our client is a Kenyan citizen living in Nairobi.  He owns a number of UK investment properties through a BVI company owned by a Trust domiciled and administered in Jersey.

CFB UK obtained a loan £1m secured on two retail shops with a combined value of £2.8m  However, the leases expire in 2019 and 2027 and provided rental income of just under £200k pa.  The loan was at 2.75% over base on a repayment basis for 25 years.

 

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