Portfolio Refinance
Birmingham

A portfolio investor had five commercial properties across Birmingham — two retail units, an office, an industrial unit, and a mixed-use building. Each had a separate loan with a different lender, all at different rates and terms. One facility was expiring in 6 weeks, another had punitive extension fees about to kick in. The investor needed to consolidate everything quickly.

Five properties meant five valuations, five sets of legal due diligence, and coordination across five existing lenders for redemption statements. The mixed-use building had a residential element which some commercial lenders wouldn't include. Two of the properties had sitting tenants on rolling contracts rather than long leases, which reduced their attractiveness to mainstream lenders.

We found a single lender from our panel who was comfortable taking the entire portfolio as a cross-charged facility. This gave better leverage than individual loans because the combined security was stronger. We managed all five valuations simultaneously, instructed one solicitor to handle all five redemptions, and negotiated early exit from the expiring facility to avoid the extension fees. The mixed-use property was included by structuring it as the secondary security.