The loan, which was introduced by Mantra Commercial, was secured against a recently completed scheme that converted a commercial property into 45 residential units in North London.
The development required some minor finishing works before being eligible for a btl term mortgage.
The client required a six-month loan to complete the minor works and arrange longer-term finance.
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Marcus Dussard, sales and marketing director at KSEYE (pictured above), commented: “It is always a pleasure to work with the team at Mantra Commercial. Special recognition goes to the dedicated KSEYE staff involved in this transaction, particularly our BDM, Charles Creak, and the underwriter of the case, Lizzy Read O’Connor — they both deserve high praise for their efforts.
Nimesh Sanghrajka, group managing director at Mantra Commercial, said: “Our relationship with KSEYE meant that they were top of the list to help our client.
“Getting a deal like this done in around six weeks is a testament to their flexibility and willingness to go above and beyond when needed.”
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