Key facts:
- Property comprising an area of land of c.90 acres, Surrey
- Property value: £4,000,000
- Loan amount: £2,490,000
- Interest rate: 6.5% p.a.
Located close to South Godstone, with the county of Surrey and district of Tandridge, the property comprises an area of land of c.90 acres, including a six-bedroom house, a three-bedroom residential converted barn, an agricultural barn, stables and agricultural/amenity land.
Circa 20 miles south of central London, the property is situated close to a number of larger towns including Redhill some five miles to the west.
I was approached by the UBO as he is the principle of a Bridging Loans company that we deal with. The client was looking for a £2.49 million loan amount against the purchase price of £4 million.
Our trusted relationships with our global network of over 500 lenders, from the mainstream to the bespoke, ensures we know which banks and advisors to approach for particular scenarios, saving you valuable time. I, therefore, secured a good deal of 6.5% interest rate per annum.
The client is to put each element of the site on a separate title, refurbish and sell off separately and aims to then own the strategic land debt-free. Read more about loans on land.
The loan is for 3 years but can be expected and flexible enough to accommodate the client’s strategy.
Our clients are as unique as the mortgages we arrange for them. No matter your location or background, the key to securing the best commercial property finance rates is to present your situation in the best light. Get in touch with our expert team now.
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