RAW Capital Partners refinances London property to help borrower exit receivership

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RAW Capital Partners has completed a buy-to-let mortgage for an international client to enable them to exit receivership and regain control of a London property.

The Guernsey-based investment management firm, which provides bespoke mortgage solutions for foreign nationals, UK expats and Channel Islanders through its RAW Mortgage Fund, was approached after the borrower – a Chinese national and chief financial officer of a manufacturing business – faced the potential loss of their property at Gauging Square, E1W.

The default stemmed from poor communication by the previous lender over interest rate changes, leading to the appointment of receivers. Seeking a swift resolution, the borrower’s broker turned to RAW Capital Partners for its case-by-case lending approach.

The lender worked with the receivers and the existing lender to agree a like-for-like refinance, enabling an orderly exit that met the needs of all parties. Following due diligence, RAW Capital Partners issued a £429,000 loan at 55% LTV.

Tim Parkes, chief executive of RAW Capital Partners, said: “This case demonstrates the strength of our hands-on, pragmatic approach. We understood that the default arose from a communication issue rather than any fundamental weakness in the borrower’s financial position, and were able to secure a positive outcome for the client and their broker.

“It’s a great example of how our specialist client services team is able to support international clients when other lending solutions fall short.”

Vizo Gu, director at Kash Property Investment, added: “You often hear brokers talk about speed and flexibility, and this really was a case that required both.

“RAW Capital Partners demonstrated those qualities, ensuring my client could exit their previous financial product and keep their asset.

“Thanks to the RAW Capital Partners team for their responsiveness and pragmatism, which gave my client peace of mind and a clear path forward.”

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