Shawbrook has helped an experienced professional landlord to refinance a large portfolio of 36 properties in the Greater London area.
Introduced to Shawbrook by Business Finance 1st Limited, the client wished to refinance their portfolio with a £19m loan and an additional £1m capital raise to fund future investments and ensure the completion of renovations to existing properties. The specialist lender provided the full loan amount on a 10-year term, fixed for five years, at 57% LTV.
Shawbrook’s senior regional development manager and senior underwriter visited the client to fully understand their business and how they could best support the client’s ambitions with a tailored finance solution. This also helped to streamline the process, with credit approval received before the valuation was instructed and mitigating the risk of further obstacles to a swift pay-out.
Laurence Foux, director at Business Finance 1st, said: “In a world of technological enhancements, it’s nice to see Shawbrook tailoring their approach to cases that require a more hands-on approach. This was a large portfolio refinance and it was great to see the team meeting the client, taking the time to understand their ambitions for the portfolio and providing funding to support them. Investing the time paid dividends.”
Jas Bhogal, senior regional development manager at Shawbrook, added: “Applying our relationship banking approach to this case was crucial as we could take the opportunity to understand the exact needs of the client, their future business plans and this helped us formulate the best way to support their funding needs.
“A 36-property portfolio is not simple, but I’m delighted that we could take the time to provide a personal and practical funding solution for this professional investor. Our larger loan clients recognise the value of this level of personalised service and the benefits a more bespoke approach can have to their business.”