Case Study –Property Developer | Overdraft Facility

Property Value £1,300,000
Loan £910,000 Gross
Location Hackney
LTV 70%
Rate 0.75% PCM
Adviser Matt Karagul

The Client

Our client was a developer working on several projects and received a down valuation when trying to secure a financial solution for his latest project. He, therefore, required a surplus of funds to initiate the build. Our client owned an unencumbered residential property that ABC Finance was able to utilise as security against the loan.