Freehold block of flats above commercial premises
An experienced landlord purchased a freehold consisting of a ground floor shop with four flats above. He sold the shop on a long lease and wanted funding on the remaining freehold flats to raise finance for further property investment.
| Loan amount & term: | £660,000. Estimated terms 5 years interest only at LIBOR+3.7%. Arrangement fee 1.15%. |
| Property value: | £1.2 million |
