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REFINANCE OF EXISTING FACILITIES FOR A RANGE OF SEMI-COMMERCIAL PROPERTIES

11.08.23

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

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Savannah Dewhirst

Written by Savannah Dewhirst

Savannah joined Coreco in 2020, where she became part of the Client Services Team. After a year of Client Services, Savannah expressed an interest in Social Media and wanted to transform Coreco’ s socials. Savannah then became Coreco's Social Media Queen and fulfilled the role until most recently becoming Marketing Executive. Savannah also won Best Use of Social Media Award in the 2022 Mortgage Industry Marketing Awards!

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