By moving quickly we facilitated a property deal at less than market value.
We’ve helped a property investor to move fast and secure two properties that were being sold for a bargain price.
The investor owns a large property portfolio of residential and commercial buy-to-lets worth around £13 million.
They wanted to buy two new properties that were being sold for less than market value.
The property investor needed to borrow funding for the deposit.
But they needed it quickly and had to find a lender who could provide the working capital within a week.
That’s where Reparo came in.
Strong Finances
We could see that the client’s financial situation was excellent.
Not only did they have a large property portfolio but they also owned another business.
Their other company maintains and builds petrol station forecourts on behalf of several well-known brands and has an annual turnover of £5 million.
We were happy to provide a £50k Reparo Cashflow loan, secured by two director personal guarantees.
The loan term was 52 weeks and we will be repaid once the property is refurbished and put on a buy-to-let mortgage.
Fast Finance for Your Business
We received this loan request on a Friday and were able to pay out by the following Wednesday. It shows how fast we can move when clients need emergency finance.
If you need fast access to short-term working capital, get in touch.
We offer two products:
- Cashflow Loans from £10k to £75k: perfect in a cash flow emergency.
- Structured Loans from £75k to £1m: highly flexible solutions.
Email the team at contact@reparofinance.co.uk, or call us on 0161 451 5710.