Kuflink’s ‘Practical, Common Sense Approach’ Funds Complex Deal
“Throughout the process Kuflink were contactable, honest and worked through every issue alongside us to get the result that the client needed.”
– Loans Warehouse
At A Glance
Location: Forest Hill SE23
Loan amount: £217,920
Term: 6 months
Purpose: To repay money borrowed to purchase the security
Security: 1st Legal Charge on a Commercial Property – garage workshop, MOT testing bay, reception, office and a small yard to the front
Loan to Value: 65% LTV
How Kuflink Helped
The Kuflink Bridging team was recently approached by Loans Warehouse with a complex, time-sensitive client that urgently needed funds to repay existing indebtedness. Christmas was only weeks away and the client was worried that no lender could complete fast enough to help them. The client is an experienced property professional who is currently in talks with the council to secure planning permission in order to convert the commercial security into seven residential properties.
Kuflink took the time to carefully assess the application and find an affordable solution for the borrower that not only provided fast funding, but also took a weight off their mind and meant they could enjoy Christmas without worrying about business!
Feedback from Loans Warehouse
“When I first picked up this case, I knew that it was going to be a difficult deal to complete, as the purchase of the property was dragged out over a few years and included so many different parts that it was difficult to comprehend. The client needed to complete a refinance of the property to repay existing debts before Christmas and thought that it could not be done due to the complicated situation.
I cannot praise Kuflink enough for their practical, common sense approach to lending that took a very complicated case and completed it in a relatively short timespan. The importance for a lender to be able to take a view on a project and see it for what it is, rather than rejecting a deal based on a tick box, cannot be reiterated enough. Throughout the process Kuflink were contactable, honest and worked through every issue alongside us to get the result that the client needed.”
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