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Brian, Director, HMO and Office Building Owner in Dundee, Scotland
Brian, an experienced entrepreneur and property investor based in Dundee, has been at the forefront of the property investment scene since 1997. He has successfully transformed numerous commercial properties into thriving residential spaces.
His latest venture involved purchasing a commercial office building in Dundee, but to make this investment a reality, he needed to refinance his existing residential houses in multiple occupation (HMO) properties.
The Problem
Brian's plan to purchase the commercial office building hinged on securing a substantial deposit. His strategy involved refinancing his current lender on his residential HMO property and releasing equity.
However, Brian faced challenges with his current lender, which was slow to respond and inflexible. Despite initially agreeing to the refinance, no progress was made, prompting Brian to seek a more reliable financing solution with Charles & Dean.
The Approach
Understanding the urgency and complexity of Brian's financial needs, our team stepped in to provide a tailored solution. We recognised that a lender known for its strong market reputation and flexibility would be ideal for Brian's requirements. We focused on securing a deal with lower fees and a higher interest rate, which suited Brian's preferences and financial strategy.
The Solution
After negotiating terms, we secured an offer and proceeded with two loans, allowing Brian to refinance the HMOs and obtain the necessary funds for the commercial office building. This approach maintained healthy financial leverage across his entire portfolio. By obtaining a commercial mortgage, Brian finalised the office building acquisition and continued expanding his investments.
With the refinance completed and the deposit secured, Brian purchased the commercial office building in Dundee, marking another milestone in his property investment journey.
C&D’s strategic commercial property financial support not only facilitated this acquisition but also reinforced Brian's confidence in navigating future investments. By partnering with us, Brian overcame the hurdles posed by his previous lender, demonstrating the power of tailored financial solutions in achieving property portfolio growth.
Written by
Simon GraceDriven by his entrepreneurial spirit, Simon Grace ensures Charles & Dean delivers the very best. His commitment to driving the pace of life at C&D is evident across all areas of the business, and his passion for nurturing ambition is clear. Beyond building a team founded on determination, Simon has been instrumental in fostering strong partnerships and brand associations, reinforcing C&D’s position in the industry. He continues to drive the company’s tremendous growth, ensuring it remains a resilient and tenacious force in finance.
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