The client required Loans Only to reconfigure their lending structure to release equity to fund the construction costs of a new principle place of residence.
- Complicated ownership structure with assets held across multiple trust and company structures
- All of the investments were cross securitised
- Structure was rent reliant for servicing.
Leveraged a niche within one of the major’s medico policies allowing Loans Only to negotiate the servicing assessment rate down to 6.25%. The client had also recently sold their business under a vendor financing arrangement. Loans Only negotiated the inclusion of the vendor finance to further improve servicing to support the equity release for the construction component.