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Investment Property Portfolio 2

Updated: 14th February 2007 (PM)

For: Investment Property Portfolio, value £690,000
Location: Leicester
Amount: £525,000

Mix of retail, factory and residential. Total rental income £103,000 per annum. Our deal enabled our client to go out and purchase 3 more Commercial Properties. His existing funder felt this was too big a jump in one go and was only prepared to fund one acquisition.

Sterling arranged a mortgage of £460,000 over a 15 year repayment period, at bank base plus margin 2.5%.
Our deal had the joint benefits of allowing the client to expand at a faster pace, provided him with a longer repayment period, and also showed 0.5% off his existing interest rate.