Karis has recently facilitated a £12m loan to refinance a mixed-use portfolio in London. The portfolio consists of 13 commercial and residential properties, spread across various locations in the city. The loan was provided by ThinCats, a leading alternative finance provider in the UK. This refinance will enable the borrower to release capital for further investment and development opportunities within their property portfolio.
The properties in the portfolio include a mix of office space, retail units, and residential apartments. The borrowers have demonstrated a strong track record of successful property investments and management, which was a key factor in securing the loan. Karis, a specialist property finance broker, worked closely with ThinCats to structure the loan and ensure a successful outcome for all parties involved.
The £12m loan will provide the borrower with greater financial flexibility and enable them to leverage the value of their existing properties. This will ultimately support their growth and expansion plans in the London property market. The loan terms are favorable, with competitive interest rates and a flexible repayment schedule that aligns with the borrower’s cash flow requirements.
Karis played a crucial role in facilitating the loan, leveraging their expertise in the property finance market to secure the best possible deal for their client. The broker’s strong relationships with lenders, such as ThinCats, enabled them to negotiate favorable terms on behalf of the borrower. This demonstrates the value of working with a specialist finance broker to navigate the complexities of property finance transactions.
The successful refinance of the mixed-use portfolio showcases the resilience and attractiveness of the London property market, despite the challenges posed by the Covid-19 pandemic. Investors and developers continue to see opportunities in the city, driven by strong demand for commercial and residential properties. The refinancing deal is a testament to the strength of the borrower’s investment strategy and the confidence of lenders in the London property market.
Overall, the £12m loan facilitated by Karis represents a significant milestone for the borrower and underscores the continued activity in the London property market. The refinance will support the borrower’s long-term growth ambitions and position them for future success in the competitive property sector. With the support of ThinCats and Karis, the borrower is well-equipped to navigate the challenges and opportunities of the London property market and achieve their investment goals.
