Apartments, Hastings

Project Description

Albatross Capital were approached directly by one of the UK’s most renowned interior designers to assist in the purchase of 3 apartments in Hastings, where he has already established a firm footing and respectable commercial and residential portfolio. The customer has taken the lower end of the Hastings market by storm, buying cheap/rundown flats and adding his stylish touch for affordable prices. He already owns the freehold to the building along with the 2 additional units on site. He required 75% of purchase price (which he bought BMV) for 9 months before refinancing the finished product on to a BTL facility.

Deal Summary
  • Loan amount: £166,000
  • Loan to Value: 75%
  • Term: Minimum 3 months, maximum 9 months
  • Exit: Refinance