This North London developer had been let down by their previous broker/lender partnership and were under time pressure to refinance. Taking the market conditions into consideration it was agreed that the best route would be to split the freehold into leaseholds to allow the client to both sell and retain units. Sirius secured the maximum leverage in order to repay the existing loan and retain 11 units on an investment mortgage. Sirius arranged bridging finance for the remaining 2 units in order for the client to sell. Despite the complex ownership structure in the background, which involved a mixture of BVI, foreign national and UK investors, Sirius advisors guided the deal to successful completion within 8 weeks.
Senior Associate, Structured Finance
0208 092 4410 07984 717 731 email@example.comSuspendisse vitae metus et justo aliquam hendrerit eget quis magna. Donec sollicitudin iaculis nibh a aliquam. Quisque bibendum elit ipsum, sit amet placerat tellus dignissim eu. Sed luctus ultricies turpis ut cursus. Vivamus metus lectus, ornare sed elit ac, pellentesque viverra sem. Sed facilisis sapien nec enim posuere vulputate. Aliquam ex enim, rutrum nec posuere ac, convallis ut ligula. Fusce accumsan tincidunt mauris non commodo. Integer fermentum posuere turpis, sed vulputate mi efficitur vitae. Fusce egestas scelerisque enim in pulvinar. Donec purus lorem, efficitur nec nisi et, pharetra interdum urna. Cras ultricies, ex id pulvinar interdum, lectus ante egestas orci, feugiat venenatis dolor neque eget ex. In et libero euismod, pellentesque mi vel, efficitur ligula. Nunc hendrerit metus orci, eu suscipit ligula vulputate imperdiet. Maecenas ex quam, commodo quis dui sed, auctor suscipit tellus. Phasellus feugiat ultrices scelerisque.
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Sirius Property Finance Group LTD is an Appointed Representative of Bright Star Financial Limited. Our Financial Services Register number is 813945. Bright Star Financial Limited is authorised and regulated by the Financial Conduct Authority. Their Financial Services Register number is 712700. You can check this on the Financial Services Register by visiting the FCA's website www.fca.org.uk/register or by contacting the FCA on 0800 111 6768. Sirius Property Finance Group. Registered office: 7 Woodbrook Crescent, Billericay, Essex, CM12 0EQ. Registered in England and Wales. Company no: 10132820