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Case Study, May 2020

Fast Flexible Finance Facility

The Client

Our client is an experienced landlord with a multi-million-pound property portfolio. Anticipating opportunity to purchase below market value over the next 12 to 24 months, he wanted to put in place a flexible finance facility that would enable quick completions on new acquisitions.


The Case

After assessing our client's portfolio, we advised him to put in place a revolving credit facility (RCF), these are sometimes known as a hunting license.


A hunting license is a flexible line of credit secured against a property portfolio that provides quick access to funds. It allows the investor to move quickly and has a range of uses which include, auction purchases, to fund a deposit, to fund an extension, refurbishment and improvement, new property purchase, refinance or working capital for a business.


As our client's portfolio was a considerable size, we worked closely with the client and the lender to ensure the case moved seamlessly through the underwriting process. We secured a flexible finance facility at a rate that outperformed the standard bridging loan rates our client had previously been using. We were also able to source lower compliance and set up costs with no non-usage fees.


The Solution

The client now has a facility of £500,000 in place, it has aided in his negotiations on a pipeline of key investments. He has been able to commit to funds and move towards completion quickly, in the knowledge that funds are readily available.


Find out how we can find the best funding for your project phone 01778 309777


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Property

Flexible Property Finance

How much does it cost? Read our PDF guide outlining the two typical costing structures.



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Flexible Finance Facility

What is it, how does it work and what can it be used for?

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