“This deal is a great example of Redwood helping landlords maximise leverage to grow, especially in areas like the South-east where yields can be challenging”
– Mark Dobson – Redwood Bank
A landlord with a growing portfolio in Enfield has secured a £3.2 million refinancing loan for two semi-commercial properties, supported by Redwood Bank. The deal was led by Jordan Constanti, with involvement from the wider Redwood team.
Structured as a 30-year interest-only facility with a five-year fixed rate, the loan enabled the client to release equity for future investment. The properties, valued at £4.54 million, comprise a combination of retail units and residential flats, some of which were still under development during the application process.
The project also qualified for Redwood Bank’s Green Cashback Reward, which recognises energy-efficient upgrades made to eligible assets.
Redwood took a hands-on approach throughout the process. Mark Dobson, head of business development (South), and Sarah Johnson, head of underwriting, visited the site to gain a clearer understanding of both the asset and the landlord’s longer-term strategy.
Although two residential units were still in the process of being converted from office space, Redwood worked closely with the broker and client to create a viable drawdown structure. The parties agreed that the loan would complete upon finalisation of the units, allowing for a valuation that reflected the completed scheme.
“This deal is a great example of Redwood helping landlords maximise leverage to grow, especially in areas like the South-east where yields can be challenging,” said Mark Dobson (pictured), head of business development (South). “By offering a higher fee product and pricing the loan using residential rates, we enhanced affordability and boosted the client’s cash flow, and it’s great for the customer to benefit from the cashback reward on completion.”
Legal advice on the transaction was provided by Feldon Dunsmore Solicitors. “Redwood’s pragmatic approach, clear communication and willingness to understand the borrower’s needs made a real difference in navigating the complexities and ensuring a smooth and successful transaction,” said Paul Harrison, partner at the firm.
Sarah Johnson, head of underwriting at Redwood Bank, added, “We underwrite each case individually and believe in meeting clients face-to-face where possible. In this instance, it gave us the insight needed to structure a bespoke solution that truly supported the landlord’s ambitions.”
The case illustrates Redwood Bank’s focus on tailored lending and a personal approach to semi-commercial finance, particularly in competitive markets such as the South-east.
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