Office Building Refinance for a Property Investment Company in Bristol
£3,400,000 · 10 years · 6.10% fixed 5 yrs. A Bristol-based property investment company held a four-storey office building in the city centre let to three professional services tenants.
The Client
Bristol-based property investment company
The Challenge
A Bristol-based property investment company held a four-storey office building in the city centre let to three professional services tenants. Their existing commercial mortgage was approaching maturity and the company wanted to use the refinance to release equity for reinvestment into a new acquisition.
Our Solution
Doulton structured the refinance to maximise equity release within lender parameters. The three tenants - a law firm, an accountancy practice, and an architectural firm - provided strong covenant quality. The 55% LTV enabled a rate in the lower tier of the lender's pricing grid.
The Outcome
Refinance completed. £620,000 of equity released for reinvestment. The released capital was deployed as a deposit on a further commercial acquisition within three months, growing the portfolio without a cash equity injection. Key highlights: £620,000 equity released alongside refinance; Strong tenant covenant quality achieved lower rate tier; Released capital deployed on further acquisition within 3 months.