We were introduced to an overseas investor who had exchanged on an asset which comprised of income producing retail on the ground floor and c.60,000 sqft of vacant office space, with outline planning for c.80 residential units.
They had negotiated a discounted purchase price and were looking to raise the full acquisition cost whilst completing the transaction within an extremely tight timeframe.
We immediately targeted and engaged with a short-term lender who we knew could perform and presented this asset alongside another unencumbered property owned by the borrower.
We were able to arrange a short-term loan secured against both these assets which covered 100% of the purchase price and closed the deal within the deadline required.
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Kalms Property Finance Limited is a company registered in England and Wales, company number 10532684.Registered office: Palladium House, 1-4 Argyll Street, London, United Kingdom, W1F 7LD
Kalms Property Finance Limited is authorised and regulated by the Financial Conduct Authority (936883). Kalms Property Finance is a broker, not a lender.