Sirius Finance has successfully structured a portfolio refinance loan of £18.4m on a mixed-use portfolio across Greater Manchester.
The client wanted to refinance an existing portfolio to incorporate into a limited company, achieve a cheaper rate than their existing facility and raise a further £3m to fund further property acquisition.
James Cassidy, Senior Associate at Sirius Finance, was able to secure the loan required at an LTV of 74%.
He said, “This was a complex refinance involving multiple residential and semi-commercial assets, with the added nuance of moving the portfolio into a limited company structure. The client had clear objectives – to secure a more competitive rate, restructure ownership, and release capital for future acquisitions; we were pleased to deliver on all fronts.
“Large portfolio deals like this naturally come with moving parts, but this transaction once again demonstrates Sirius’ ability to structure and deliver high-value funding solutions. It’s a strong example of how we support professional landlords in scaling their portfolios while optimising their financial position.”
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