Rob Lankey

Shawbrook completes £1.94m commercial refinance using revamped product offering

Shawbrook has completed a £1.94m commercial refinance and capital raise on two properties for an existing client.

The specialist bank used its recently revamped commercial investment mortgage offering to complete the deal.

The limited company application included a multiple property portfolio refinance so that equity could be released and future growth plans could be financed.

Shawbrook issued an indicative mortgage offer within just five days, while the case progressed to completion only seven days after a full mortgage offer.

“Shawbrook’s complex commercial team was comfortable with this case and offered a blended margin which, when fixed for five years, matched the leverage requirements of my client,” said Dan Newbery, director at Bond Finance.

“As this was a refinance, the client took advantage of Shawbrook’s unique non-represented legal service and the case completed in under a month.”

Rob Lankey, director of commercial investment at Shawbrook (pictured above), added: “We have invested a great deal of time and resource into the team at this end in order to build a really compelling offering in the commercial investment space.

“Working with brokers [of] the calibre of Bond Finance is critical in these more complex cases and I’m delighted to have been able to support with the refinance and capital raise requirements of this investor.”

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