Word On The Street has closed an £8m BTL facility for a returning professional landlord client.
Michael Street, founding partner at Word On The Street (pictured above), arranged the loan to refinance a portfolio of large HMO assets in the Midlands.
In addition, £2.4m of the total facility has been raised to fund further property investment.
The loan is at 75% LTV, fixed for five years at 6.59%
The borrower has a sizable portfolio in the Midlands and has partnered with the brokerage to structure the finance needed to enable them to keep growing.
Commenting on the deal, Michael said: “Access to dedicated underwriting and processing teams means that we can complete seamlessly–all while getting the best possible deal for the client.
“It was a pleasure to work with the borrower again, this time to find them a great term product and some capital to keep expanding.”
