Shawbrook funding helps landlord expand property portfolio

Shawbrook Bank has managed to restructure a complex developer finance deal in just seven days, allowing a client to expand his property portfolio.

The specialist bank was approached by commercial broker DMI Finance, who had a high-net-worth client with a significant property portfolio.

The client was looking to combine 19 loans into just four totalling £2.1m, plus raise an additional £350,000 for further property purchases.

Shawbrook was happy to lend and saved the client thousands of pounds by completing 21 desktop valuations (AVMs) across the case.

Shawbrook’s lending manager and the broker also guided the transaction towards a successful seven-day completion.

“Having worked with Shawbrook for a number of years, we were comfortable asking them to handle a complex, 21-property, internal refinance for our biggest professional landlord,” said Richard Manning at DMI Finance.

“Our business development manager Pete Turner (pictured above) assisted throughout, proactively providing updates where needed, so we were never in a position where the client had to ask for a progress report.”

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