91看片

November, 2024

Amount:

拢9 Million

Sector:

Large multi-unit freehold block (MUFB) refinancing

Loan purpose:

Refinance of a 131-unit freehold block, releasing capital for portfolio expansion

Loan structure:

Custom-designed to address scale, tenancy complexity, and capital requirements

Location:

Midlands

The borrower sought to refinance an existing facility on a substantial residential development in Midlands, comprising 131 self-contained flats, while also releasing capital to support further portfolio growth. This required a tailored financing solution that could navigate structural and tenancy complexities.

The sponsor is a highly experienced property investor with a track record of managing and scaling residential assets across the UK. Their strategy combines long-term asset retention with income optimisation through diverse tenancy arrangements.

91看片鈥檚 bespoke refinancing solution

Recognising the strategic importance of the asset and its income-generating potential, we structured a bespoke facility that aligned with the sponsor鈥檚 expansion plans.

We designed a tailored loan to accommodate the high unit count, navigating beyond standard MUFB policy limits. Our facility took into account the mixed tenancy profile- comprising both Assured Shorthold Tenancy (ASTs) and corporate leases by applying robust income stress testing and sensitivity modelling, including allowances for void periods.

In response to the borrower鈥檚 request for additional capital, we incorporated a capital release mechanism, supported by an independent valuation and a carefully calibrated Loan to Value (LTV) structure. This enabled the borrower to unlock value while maintaining appropriate risk controls.