Another deal funded and in time for Christmas as well. A particularly challenging case given it was being bought at a discount out of receivership. Mixed portfolio with residential and semi-commercial properties spread across the North West. Paperwork was not the easiest to secure, tenancy agreements were all over the place. Was one meant to be a licenced HMO? These are all issues we faced but we persevered where others would have pulled out. We're glad to have completed yesterday provided the borrower 95% Net of Purchase Price across the portfolio.
