B2L Portfolio Leveraged To Extract Cash And Enhance Estate Value

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Professional landlord with a Buy-to-Let portfolio in Sheffield seeking to refinance 12 properties to raise cash for much-needed refurbishment.

Tuscan Capital was asked to provide a 60% loan-to-value advance against a property portfolio where the average property value was £100,000. The loan was to raise cash in order that the investor could refurbish several of the properties to bring them up to the required standards needed to obtain the necessary compliance certificates.

Given the projected increase in the value of the portfolio once the properties have been improved, it is now possible to line up a low-rate challenger bank remortgage facility as a viable exit.

Broker Comment...

Russel Prince (BTL portfolio funding adviser) said: “The Tuscan team was able to organise a portfolio valuation quickly and they engaged their preferred lawyers to undertake the security pack immediately. The bridge loan was funded within three weeks of the initial enquiry - a good outcome for the borrower which allows the work to commence before the summer holidays.”

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