Mortgage broker Visionary Finance has arranged a £25.5m loan for an ultra-high net worth (UHNW) individual secured against a £42.5m prime residence in Holland Park, London.
The facility refinances the existing mortgage with a capital increase to cover the costs of recent significant development works to the property.
The unnamed borrower, currently residing in the Middle East, was introduced by one of their professional partners in the United Arab Emirates (UAE), who approached Visionary Finance to assist their client in securing enhanced lending terms on their UK residence.
Hiten Ganatra, managing director of Visionary Finance, said: “When dealing with UHNW clients, the difference between indicative terms and optimised execution can be substantial. Our role was to interrogate the initial proposal, understand the client’s wider balance sheet and long-term objectives, and leverage our lender relationships to deliver materially stronger terms.
“Cases involving international clients often require careful presentation of layered income streams, corporate holdings and overseas assets. By structuring the deal correctly from the outset and working closely with our introducer partner, we were able to deliver a market-leading outcome.”
Earlier this week, private equity firm Prescient Capital secured a £44.3m loan from Secure Trust Bank Real Estate Finance to refinance three purpose-built student accommodation assets in Glasgow, Sheffield and Leeds.
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