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Refinancing a mixed-use property

Bridging loan First charge Terraced Heston

Client’s circumstances: The client owned a mixed-use property with a catering store on the ground floor and residential rooms on the second floor. The client was looking to refinance an existing bridging, originally obtained to make improvements to the property.

Mustard’s service: After picking up the application, Mustard provided a 6 month £254,081 loan, at 31.8% LTV.

The result: The loan gave the client enough time to find a lender to find tenants and refinance into a commercial term loan.

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Property and business loans up to £1,000,000.