Case Studies

Retirement Village

RETIREMENT VILLAGE FINANCE

Client:  A new client with a rapidly growing portfolio required finance for the development of a retirement village worth £30 million GDV. This client was introduced to Coreco Commercial Finance for advice in order to replace current short-term debts exceeding … Continue Reading

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Julian Ingall

£23.7 MILLION 95 UNIT PORTFOLIO REFINANCE

Coreco Commercial Finance were approached by two experienced property developers seeking refinance.  The loan application was based on refinancing their existing 95 unit buy to let portfolio and capital raising for further investment opportunities, totalling just over £23.7 million. The … Continue Reading

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Broking a 111 unit new build development

Matthew Yassin recently broked a 111 unit new build development (demolition and ground up) comprising of 80 Private residential units, 31 affordable housing units, 1125 sqft of commercial space on the ground floor in Bermondsey South London. The project faced … Continue Reading

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Financing 47 residential units in West London

Matthew Yassin recently completed financing a residential portfolio in West London which consisted of 47 units. These were a mixture of commercial (restaurants, local businesses, hairdressers, galleries etc) with uppers, Houses of Multiple Occupancy (HMO’s) and residential flats and houses. … Continue Reading

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Language is not a barrier

Adviser: Tom Matthews Purchase price: £1,700,000 Loan: £1,105,000 Arrangement Fee: 1% Rate: 2.6% Term: 5 Year, Fixed Rate, Interest Only My client is a Chinese national in the UK on a Tier 1 Investors Visa. They run a successful company … Continue Reading

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Purchase and finance of a 32 Bed Student HMO

Purchase price: £560,000 Loan: £618,556 (gross) Arrangement Fee: 3% (this is high and may put people off) Rate: 0.87% (this isn’t high and won’t put people off!) Term: 12 months Adviser: Peter Davies My clients had exchanged contracts on a … Continue Reading

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Second charge secured on two buy to let properties

Second charge secured on two buy to let properties  Our client, a retired buy to let investor with 20 years’ experience, owned four properties with a total portfolio value of £2.5m. The client wanted to raise £430,000 to pay a … Continue Reading

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High Net Worth second charge bridging loan to fund buy to let expansion

Our client, a married couple, owned a number of properties with a total value of £19m and had £6m of loans secured on the portfolio. They, therefore, had a net asset worth of £13m, which easily qualified them for High … Continue Reading

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Second charge loan for business purpose

Our client was a married couple with a portfolio of 30 buy to let properties. They were renovating two of these properties and wanted to raise £250,000 to pay for the cost of the works, but they did not want … Continue Reading

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High Net Worth second charge loan with rolled up interest

Our client, a married couple, owned a five-bedroom detached house in Hampshire which was valued at £4.5m, following significant home improvements and modernisation. They had an outstanding first charge mortgage of £930,000 on the property and achieved high net worth … Continue Reading

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