Large HMO with 20 bedrooms
The borrower
Anthony is an experienced landlord looking to purchase his largest HMO to date.
Anthony has a mixed portfolio of properties held within an SPV and is interested in purchasing a 20 bedroomed HMO. He knows the area and the property is located near to a hospital so it will be a great investment.
- Property value £2.2 million
- Loan required £1.3 million
- Rent £12,000 per month total
As we have no upper limit on the number of bedrooms for HMO’s, we are able to lend on a property of this size and will carry out a Commercial Valuation to confirm the full investment value of the property. In addition, although the rent exceeds £100k per annum we are happy to accept a Common Law Tenancy Agreement.
How we can help
At Foundation we are able to lend on more complex property types such as large HMO’s with no max number of bedrooms and Multi Unit blocks with up to 10 units.
We love to talk a case through, why not call your Foundation Regional Area Manager today?