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Financing 47 residential units in West London

by Julian Ingall on 11th July 2018

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. There were challenges posed with the current leases and the applicant’s credit profile given the presence of defaults and CCJ’s present from previous disputes with tenants. The process took just over 9 months and the loan of £7.5million completed which allowed the client peace of mind with a bank supportive of future plans (such as involving the children in the next few years).

JULIAN

Written by Julian Ingall

Director of Coreco Commercial

Julian is one of the mortgage industry’s true legends, following his passion through thick and thin to run our highly successful Specialist Finance division.Having always had an interest in property and initially part qualifying as an Architect, Julian decided to join the Financial Services industry in 1989, cutting his teeth at John Charcol in the early 1990’s. After opening their Guildford Office, Julian left to spend time assisting High Net Worth individuals with tax efficient investment schemes.In 2000 he jointly founded the boutique Mortgage Brokerage Cobalt Capital. As the managing partner of Cobalt Capital and at the centre of its growth, the company expanded to a peak of 90 staff and developed into one of the leading mortgage brokerages in London.With more than a growing interest in the specialist and commercial sectors of the mortgage market and a determination to obtain finance on the seemingly impossible, Julian decided to follow his passion and invest into Coreco, becoming a Director in 2010.His aim is to drive this business forward to become one of the strongest specialist finance teams in the industry, focusing on large residential loans for development/investment purposes and large property portfolios.Julian is also a proud member of the FIBA Executive Committee.

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