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by Sav Dewhirst on 11th August 2023

Date: 14th July 2023

Broker: Peter Davies

Loan amount: £8,686,805

Structure: Limited Company

Asset Class: Semi-commercial

Coreco Specialist were referred to help refinance existing facilities for a range of semi-commercial properties.

The current ownership was a mix of a limited company and personal names with personally owned properties to be incorporated into limited company ownership at the point of completion.

The properties were currently with different lenders and the refinance was completed with two separate commercial banks with deeds of priority needing to be agreed upon by the client’s solicitors and both bank’s solicitors.

This was further complicated by deadlines to complete the refinance to avoid penalty charges and the completions with both lenders taking place at different times.

Total borrowing £8,686,805

Written by Sav Dewhirst

Client Services Team

Savannah worked as Operations Manager for a financial adviser firm for 3 years before wanting a change and began working in the events industry as a Senior Account Manager organising group and corporate events.

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