Broker Josh Mendez secured a £188,000 refinance, improving cashflow and stability for a part-finished leasehold development.
A property development company required urgent refinancing to restructure an existing facility tied to a part-finished leasehold development. As part of the transaction, the leasehold flats were sold to the client, creating additional complexity in arranging suitable funding.
Broker Josh Mendez successfully secured a £188,000 refinancing facility, tailored to manage the unique challenges of both the unfinished project and leasehold arrangements.
The solution provided the client with the liquidity needed to continue development without delays, while also improving cashflow and ensuring financial stability to see the project through to completion.
Key Highlights
- Broker: Josh Mendez – delivered a bespoke refinancing solution.
- £188,000 facility secured.
- Structured to accommodate a part-finished leasehold development.
- Enabled client to improve cashflow and restructure commitments.
- Provided financial stability for project completion.