Another full lifecycle transaction successfully delivered by Hank Zarihs Associates. This £6.3m Buy to Let Term Loan refinance of a 45-unit scheme in Wokingham marks the final stage of a journey we supported from the very beginning.
From funding the original office acquisition, structuring the development finance, managing staged drawdowns, to refinancing onto a 5-year fixed term facility once stabilized, this is what end-to-end structuring looks like.
- £6.3m Gross Loan
- £9m Valuation
- 70% LTV
- 45 New Build Units
- Office to Residential Conversion
The objective was clear: refinance existing debt, release capital, and secure long-term stability on a completed residential block. This required disciplined underwriting, consistent lender coordination, and proactive legal management to maintain momentum through to completion.
Excellent work by Janelle Baffa, Head of Underwriting, in driving this transaction through from development stage to term refinance.
A sincere thank you to Punjab National Bank (International) Limited and Arpit Bhargava for their continued support in enabling this transaction. Huge credit to Judge & Priestley and Khaled Ellatif, their sharp legal execution and commercial mindset made a real difference.
If you are developing, converting, or refinancing a scheme, speak to Hank Zarihs Associates.
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#HankZarihsAssociates
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