Case Study · United Kingdom

Singaporean investor refinances commercial building in Glasgow

30 June 2022

Singaporean investor refinances commercial building in Glasgow

A Singaporean investor recently secured a refinancing deal for a commercial building in Glasgow, UK. The move was aimed at unlocking additional capital for further investment opportunities and boosting their portfolio. With the favorable terms of the refinancing agreement, the investor is well-positioned to pursue new growth prospects in the dynamic real estate market. The acquisition of the prime commercial property adds to the investor’s diversified portfolio, solidifying their position as a key player in the industry.

Related: Read about when Rikvin Capital helped a portfolio investment company refinance a portfolio of residential properties

  • Location: Glasgow, Scotland
  • Market Value: £3,000,000.00
  • Loan Amount: £1,200,000.00
  • Loan-to-Value: 40%
  • Duration of Loan: 12 Months
  • Payment Schedule: Monthly
  • Asset Type: Commercial Office Building
  • Completion Time: 2 weeks

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FAQ

I am a Singaporean investor with UK property. Can I refinance to release capital?

Yes. The Glasgow case here refinanced a £3 million commercial office building for a Singapore-based investor, lending £1.2 million (40% loan-to-value) in 2 weeks. Cross-border investors using us to release equity from UK assets is a common deal type.

How fast can a UK commercial refinance close for an overseas borrower?

2 to 3 weeks for a clean UK commercial property where the borrower is known. Overseas residency does not slow the UK-side legal completion. We coordinate with your existing UK lender on payoff timing to avoid double-interest periods.

Can the released capital be used for new investments outside the UK?

Yes. We do not restrict end-use beyond standard Anti-Money-Laundering checks. The Singaporean investor here used the released capital to pursue further investment opportunities, with funds wired to the destination of their choice the same day as drawdown.