Client Challenge

The client, the owner of a mixed-use investment property in Nottingham, has recently invested all of their capital into extending and renovating the property. This included the development of two 5-bedroom HMO flats and the renovation of five additional flats.
To move forward, they needed to refinance the property to release the invested capital and secure funds to purchase more investment properties.

Solution

Nina Scott from 2XL Commercial Finance was introduced to the client to assist with their refinancing needs. After gaining a thorough understanding of their requirements, she presented their application to the market and secured terms from multiple lenders. Nina successfully obtained a 75% loan-to-value mortgage, providing a £1,050,000 facility and releasing £900,000 in capital, which the client intends to use to purchase additional properties and expand their portfolio.

Client Outcome

The new facility has enabled the client to purchase two additional investment properties, which are currently being renovated. The client commented:
“Highly recommended. Nina deserves to be praised! Her knowledge is very high, she’s extremely positive and encouraging. Always available to answer your questions, you almost forget she has other clients! Most importantly, she created a positive outcome for us, it’s had a huge impact on us growing as a business. It’s obvious to see she has strong relationships with a large pool of lenders. No matter what issues we encountered, she assured us a deal would be done. And at a favourable rate! She’s the only broker we will use going forward! Thank you, Nina.”

Reflection from Nina Scott:

“It has been incredibly rewarding to witness the impact these loan funds have had on the client and their business plans. Given the significant investment of not just capital, but also time and effort into the property, it has been a pleasure to help release funds so they can continue expanding their portfolio. This case presented many challenges, with several hurdles even up until the day of completion, but overcoming them made the final outcome even more satisfying!”

Conclusion

2XL Commercial Finance’s expertise, in-depth lender knowledge, and tenacious approach ensured the client achieved the desired outcome.