Albatross lends £760,500 against Cheshire residential investment property
By Tara SammonsRefinance releases capital for future property purchases
Section: Case Studies
Albatross Lending Group completed a £760,500 refinance against a residential investment property in Cheshire in 10 working days.
The facility helped the borrower avoid penalties from their existing lender and released capital for further property acquisitions.
The borrower needed to repay their existing lender within a firm deadline to avoid penalties.
Alongside the refinance, they wanted to release equity to expand their portfolio through auction purchases.
The security was a detached period property that had undergone extensive refurbishment.
Valued at £1.3m, it provided the basis for a facility that could meet the immediate repayment deadline while supporting the borrower’s next stage of investment.
With speed central to the transaction, Albatross arranged a desktop valuation in two days, enabling the case to progress quickly and complete within 10 working days.
The lender structured an 18-month facility at 58.5% LTV, combining repayment of the existing lender with additional funds for future acquisitions.
Keywords: Albatross Lending Group, Albatross refinance, Cheshire property refinance, residential investment property, bridging finance, property portfolio expansion, auction property purchases, refinance loan, property investment finance, desktop valuation, fast completion finance, 18 month bridge loan