Specialist Lender Funds £510,000 HMO Portfolio in Cumbria and Lancashire
UKPulse Property Desk
A specialist lender has provided £510,000 to finance the acquisition and refurbishment of three Houses in Multiple Occupation (HMOs) across Cumbria and Lancashire.
- A specialist lender provided £510,000.
- The funding is for the purchase and refurbishment of three HMOs.
- The properties are located in Cumbria and Lancashire.
A specialist lender has provided £510,000 to finance the purchase and refurbishment of three Houses in Multiple Occupation (HMOs) located across Cumbria and Lancashire. The facility is for a 12-month period.
The funding offers 68% net day one Loan-to-Value (LTV), with an additional £110,000 available in arrears for refurbishment works.