Funds were secured against a 12,000-square-foot mixed-use property in Southall to refinance an existing loan. The property presented several complexities, including the space’s use for commercial and residential purposes.

The property features a restaurant on the ground floor, catering to local patrons, and a residential unit above, providing living accommodations for the owner. Because of the owner-occupier scenario, the loan structure had to navigate specific regulations and considerations unique to mixed-use developments. The current loan amount is approximately £1.5 million and is structured with a relatively short term of 24 months. Careful financial planning and the assurance that all obligations are met promptly result in a good bridging exit strategy.