Refinance of 5 asset mixed use portfolio | Octopus Property

Commercial lending

Refinance of 5 asset mixed use portfolio

The finance
£
24.4m
single loan
26
month-term
65
%
LTV
Our solution
A portfolio of five freehold assets comprising a 41 bed hotel, a nine unit residential apartment block, two serviced apartment blocks providing 57 beds and a site with planning permission for the development of 16 residential units.
"Having acquired the assets using short term finance the borrower required a flexible portfolio loan facility that would enable him to release equity in order to fund the development of the consented site and acquire further assets. With ample income being generated by the portfolio and a borrower with a strong property investment track record, OP were able to provide a facility that could be drawn in multiple phases and allow value-adding works to be undertaken on all of the assets during the term."
Dominic Gibson
Fund Manager, Octopus Property
Commercial lending
We work with hundreds of property developers, we know every project is different, and we are flexible to meet individual needs
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