We’re pleased to announce the successful restructuring of a complex holiday let portfolio for a long-standing client, resulting in significant savings. This unique case involved a portfolio of 16 holiday lets in a single block and presented several challenges throughout the process.
Overcoming the Complexities
The first obstacle tackled was exiting the development facility with our client’s existing lender. With the end-of-term date quickly approaching, we directly liaised with the lender to negotiate an extension of the existing loan. Additionally, the ownership structure was transitioning between directors and shareholders, requiring careful navigation to minimise potential complications.
Exploring the Options
We focused on finding the ideal lending partner by thoroughly understanding our client’s situation and goals. We researched the market extensively and presented a detailed proposal highlighting all aspects of our client’s case.
This meticulous approach resulted in several viable options. After careful consideration, our client made an informed decision that satisfied all parties involved.
A Successful Outcome
Through meticulous coordination, we facilitated the refinance of 16 holiday lets within a single block, successfully exiting the development facility. This freed up capital for our client and paid off the existing debt. Not only did this protect our client’s investments but we also secured an exceptional market-leading interest rate at a highly favourable 65% loan-to-value ratio.
Matt Karagul, Specialist Finance Adviser at Henry Dannell, comments:
“This case exemplifies the true strength of our collaborative approach. By combining our expertise in complex finance with our strong lender network, we successfully navigated this challenging credit scenario and delivered an outcome that exceeded our client’s expectations.”
Do you have a complex property portfolio that requires restructuring?
Contact Henry Dannell today to see how our expertise can help you achieve your financial goals.
Please note: any property or asset used as security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.
