Pitch 4 Finance

Pitch 4 Finance completes £6.2m deal for portfolio refinance

Pitch 4 Finance has arranged a £6.2m loan for the refinance of a complex portfolio of semi-commercial properties.

The client wanted one lender to finance the entire portfolio, which comprises residential, retail, logistics and hospitality assets across the UK, primarily in the south of England.

Using its alternative lending database, Pitch 4 Finance placed the deal with a private bank, which provided the funds for the entire portfolio refinance at a rate of 3.2%.

Miranda Khadr, CEO and founder of Pitch 4 Finance (pictured above), said: “Finding a lender who feels comfortable lending on a complicated portfolio such as this one is not easy; a handful of lenders were willing to look at this deal, but their pricing was quite high.

“Our technology enables us to source the most suitable funding on the market from the 190 lenders on the platform using our technology to package the case effectively for brokers.”

David Messenger, principal and founder of Messenger Property and Development Finance, who brokered the refinance transaction, commented: “We used Pitch 4 Finance on a refinance case for a good client with an extensive and complicated property portfolio. 

“Thanks to the experience and tireless work of the team, the firm sourced a great deal with a niche lender that was new to us, which our client was delighted with.”

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