Reim Capital provides £2.4m loan within seven days

Reim Capital has completed a £2.4m loan within seven days to fund the refinance of an existing debt for a residential townhouse in Chelsea, London.

The offshore borrower required the funding to meet a tight deadline, as the initial lender backed out during the final stage of a previous deal.

Reim Capital worked closely with Freeths and CVS to complete the case on time, and provided the 65% LTV facility on a 12-month term.

Mike Jones, sales director at Reim Capital (pictured above), said: “The ability to complete such a transaction in a such a short time was all down to the team involved. 

“As well as the Reim team working in harmony, we relied heavily on our introducing broker and professional partners.”

In May, Reim Capital revealed it lent £25m in the first five months of 2021, surpassing £50m of total lending since launch.

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