Discretionary Trust

Client: Discretionary Trust
Property Value: £1,200,000
Loan Amount: £400,000

We were approached by a client that required a commercial loan on 2 properties, one was a 2-bedroom house and the other was 4 flats on separate leases in a limited company and the company also owned the freehold. The introducing broker had tried to obtain a loan from a large selection of lenders but was unable to source the funds required to purchase an investment opportunity.

Through our excellent relationships with our commercial lenders, we were able to arrange the loan through a lender who was able to meet the borrower’s request. After numerous emails and calls with the underwriter they got comfortable with the security being offered.

We were able to broker a total facility of £400,000 with a rate of 6.79% fixed for 5 years.

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