Details:

Our client’s owned two large residential properties in Jersey. They required a new loan facility as their current loan was maturing and needed repaying.

The exit strategy for the loan was to be from the sale of other property assets the clients owned, our solution gave them ample time to sell the properties and exit the loan agreement.

The loan was secured with two first charges on the farmhouses with a loan to value ratio of 58%.

The interest on the loan was rolled freeing the borrower from having to make any payments until maturity, this gave the borrowers the flexibility they required and also aided their cashflow.