{"id":179,"date":"2020-07-10T13:56:05","date_gmt":"2020-07-10T12:56:05","guid":{"rendered":"https:\/\/nichefs.co.uk\/?post_type=casestudy&p=179"},"modified":"2021-01-07T15:06:47","modified_gmt":"2021-01-07T15:06:47","slug":"refinance-of-4-high-value-apartments-in-canford-cliffs","status":"publish","type":"casestudy","link":"https:\/\/nichefs.co.uk\/case-study\/refinance-of-4-high-value-apartments-in-canford-cliffs\/","title":{"rendered":"Refinance of 4 High Value Apartments in Canford Cliffs"},"content":{"rendered":"

Background<\/strong><\/p>\n

We were approached by a legal firm who were looking to find a solution for their client who needed to remove a business partner, complete the development of a site with 6 luxury flats and resolve a poor existing financial position.<\/p>\n

The client needed to take back control of the limited company which owned the site and at the same time repay the existing development facility and other debts incurred on the site to date.<\/p>\n

Solution<\/strong><\/p>\n

We proposed a 1st charge lending facility secured on the newly developed luxury flats, which were on the market for sale. To provide additional security for the lender there was a cross charge on a buy to let property and a 2nd charge on the client\u2019s main residence. This enabled the existing facility to be repaid whilst the legal firm dealt with the restructure of the limited company.<\/p>\n

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Satisfied clients with the right results are key\u00a0<\/strong><\/p>\n

By working closely with the client\u2019s legal firm, we were\u00a0able complete the refinance in 19 days, leaving the client space to sell the luxury flats and have complete ownership of the business.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Bridging Facility<\/strong>:\u00a0\u00a33.7m<\/p>\n

Term<\/strong>: 9 months<\/p>\n","protected":false},"featured_media":547,"template":"","acf":[],"yoast_head":"\nRefinance of 4 High Value Apartments in Canford Cliffs - Niche Financial Services<\/title>\n<meta name=\"description\" content=\"We were approached by a legal firm who were looking to find a solution for their client who needed to remove a business partner, complete the development of a site with 6 luxury flats and resolve a poor existing financial position.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nichefs.co.uk\/case-study\/refinance-of-4-high-value-apartments-in-canford-cliffs\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Refinance of 4 High Value Apartments in Canford Cliffs - Niche Financial Services\" \/>\n<meta property=\"og:description\" content=\"We were approached by a legal firm who were looking to find a solution for their client who needed to remove a business partner, complete the development of a site with 6 luxury flats and resolve a poor existing financial position.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nichefs.co.uk\/case-study\/refinance-of-4-high-value-apartments-in-canford-cliffs\/\" \/>\n<meta property=\"og:site_name\" content=\"Niche Financial Services\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-07T15:06:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nichefs.co.uk\/wp-content\/uploads\/2020\/08\/pexels-expect-best-323780-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1650\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nichefs.co.uk\/case-study\/refinance-of-4-high-value-apartments-in-canford-cliffs\/\",\"url\":\"https:\/\/nichefs.co.uk\/case-study\/refinance-of-4-high-value-apartments-in-canford-cliffs\/\",\"name\":\"Refinance of 4 High Value Apartments in Canford Cliffs - 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