Buy-to-Let refinance for HNW Foreign National
We recently provided a £4,600,000 loan secured over two residential investment properties in central London. Our borrower is a foreign national residing in a CIS republic and is the director of an energy company.
Our borrower had a commercial facility with a high street bank which had expired. The bank was not prepared to renew the facility because it was strategically withdrawing from certain CIS markets. The client was coming under some pressure to repay.
The client’s broker recommended a bridging solution to give him time to source the best longer-term solution from a private bank.
The deal was introduced by Arc & Co and director Ed Horn-Smith says, “this loan had a few complexities but Ortus were proactive and showed a real can-do attitude”