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£11.5m refinancing of converted office block secured for complex ownership structure
Silbury provides additional £33 million loan for 292-home Old Kent Road residential scheme, taking total facility to £101 million
Construction starts on £140m 24-storey Battersea tower
Hampshire Trust Bank has provided a £11.5m refinancing mortgage secured for a complex ownership structure. The lender provided the multi-million refinancing against 55 apartments in West London.
The bank successfully provided a bespoke refinancing facility of around £11.5m for a converted office building. The property had a complex ownership structure and title documentation.
There were quite a few challenges as part of the funding process, like dealing with multiple Ultimate Beneficial Owners (UBOs) spread across different countries, ambiguities in planning consents, and discrepancies in the land registry plans from a previous lender.
Call Trinity Specialist Finance to secure a converted office block remortgage on 020 7016 6151 or book a consultation
The information contained within was correct at the time of publication but is subject to change.
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