Refinancing an HMO onto a commercial facility, Dalston Kingsland

We refinanced a newly converted HMO, with 6 self contained rooms, onto a new term commercial investment facility with a new bank. This allowed the client to repay their development finance, secure a new fixed rate for 5 years, reduce their monthly payments and release some equity for portfolio expansion.

Property LocationDalston Kingsland, London
Amount Funded£841,000
Property TypeHMO
LTV75%
Client StructureInvestment Company