The 6.45% rate loan secured on the commercial lender’s five-year fixed rate semi-commercial product.
The customers acquired the property as an investment and were looking for a quick turnaround time due to the fact that the purchase took place at auction.
According to YBS, the complex nature of the property meant a great deal of due diligence was required during the application process.
- The Finance Professional Show 2024: The Video
- YBS Commercial Mortgages reduces enquiry response time to 24 hours
- YBS Commercial completes over £450m of commercial mortgages
Commenting on the deal, Mark Setchell, senior relationship director at YBS Commercial Mortgages, who managed the deal through to completion, said: “I’m delighted to have secured this purchase. The quick turnaround time demonstrates the effort which has gone into finalising it, as well as the speed and flexibility of the service provided by our teams, ensuring a slick and smooth customer journey to get it over the line in the timeframe required.”
Eugen Grosz, from Starglow Finance, who brokered the deal, said: “We were delighted to introduce our client to YBS Commercial Mortgages for this time-sensitive transaction.
“Thanks to the efficiency and expertise of the team, a smooth and successful completion was achieved. We look forward to working together on future opportunities.”
Leave a comment