20/05/2026
๐ ยฃ๐ณ.๐ฑ๐ฑ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป ๐น๐ผ๐ฎ๐ป ๐ณ๐๐ป๐ฑ๐ฒ๐ฑ ๐ฏ๐ ๐๐ฎ๐๐ฎ๐น๐๐๐ ๐
The borrower, an experienced property investor, had agreed to acquire ๐๐๐ผ ๐ฝ๐ผ๐ฟ๐๐ณ๐ผ๐น๐ถ๐ผ๐, ๐ฐ๐ผ๐ป๐๐ถ๐๐๐ถ๐ป๐ด ๐ผ๐ณ ๐ป๐ถ๐ป๐ฒ ๐บ๐๐น๐๐ถ-๐๐ป๐ถ๐ ๐ณ๐ฟ๐ฒ๐ฒ๐ต๐ผ๐น๐ฑ ๐ฏ๐น๐ผ๐ฐ๐ธ๐. The purchase price was Below Market Value (BMV), with day-one valuations reflecting a higher aggregate value across the portfolios. ๐ง๐ผ ๐ฐ๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ ๐ฟ๐ฒ๐ณ๐๐ฟ๐ฏ๐ถ๐๐ต๐บ๐ฒ๐ป๐ ๐๐ผ๐ฟ๐ธ๐ ๐ฎ๐ต๐ฒ๐ฎ๐ฑ ๐ผ๐ณ ๐ฎ ๐ฝ๐น๐ฎ๐ป๐ป๐ฒ๐ฑ ๐ฟ๐ฒ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ, ๐๐ต๐ฒ ๐ฐ๐น๐ถ๐ฒ๐ป๐ ๐ฟ๐ฒ๐พ๐๐ถ๐ฟ๐ฒ๐ฑ ๐ฎ๐ฝ๐ฝ๐ฟ๐ผ๐
๐ถ๐บ๐ฎ๐๐ฒ๐น๐ ยฃ๐ฐ๐ฌ๐ฌ๐ธ ๐ถ๐ป ๐ฎ๐ฑ๐ฑ๐ถ๐๐ถ๐ผ๐ป๐ฎ๐น ๐ณ๐๐ป๐ฑ๐ถ๐ป๐ด.
Given their experience and objective to maximise leverage, we structured a facility at ๐ต๐ฌ% ๐๐ง๐ (purchase price and all costs) and ๐ณ๐ฑ% ๐ผ๐ณ ๐๐ง๐๐๐ฉ. We rolled the interest to maximise the day one borrowing, and were able to ๐ณ๐๐ป๐ฑ ๐๐ต๐ฒ ๐ณ๐๐น๐น ๐ฐ๐ผ๐๐ ๐ผ๐ณ ๐๐ผ๐ฟ๐ธ๐ in arrears.
๐ค๐จ๐๐๐ ๐๐ข๐๐ก ๐ข๐ฉ๐๐ฅ๐ฉ๐๐๐ช
๐ก ยฃ7.55m Gross Loan
๐ก Two portfolios containing nine MUFBs
๐ก BMV purchase (with works funded)
๐ก 90% LTC
๐ก 75% LTGDV
๐ก 9 month term
๐ก Rolled Interest
๐ก Loan exit: Refinance
๐๐ฎ๐ฟ๐ฒ๐๐ต ๐๐ผ๐น๐๐๐ผ๐ป, ๐ฆ๐ฒ๐ป๐ถ๐ผ๐ฟ ๐๐ป๐๐ฒ๐ฟ๐ป๐ฎ๐น ๐๐๐ ๐๐ฎ๐๐: โIt was a great deal to get over the line and really shows off what we can offer here at Catalyst. As you can imagine, with the complexity of the purchase along with a deal of this size, there are a lot of moving parts. We needed to be flexible with our approach to provide the right outcome for the borrower.
It was a real team effort from everyone to make this happen. A big shoutout to our underwriter Danny Scoltock, who worked tirelessly to meet the deadline for the borrower.โ
๐๐ฎ๐ป๐ป๐ ๐ฆ๐ฐ๐ผ๐น๐๐ผ๐ฐ๐ธ, ๐ฆ๐ฒ๐ป๐ถ๐ผ๐ฟ ๐จ๐ป๐ฑ๐ฒ๐ฟ๐๐ฟ๐ถ๐๐ฒ๐ฟ ๐ฎ๐ฑ๐ฑ๐ฒ๐ฑ: โThis loan came with several challenges; the simultaneous purchase of two portfolios, the need for a drawdown facility to refurbish multiple properties, and adding additional security properties when another funder let the borrower down on the day of our initial completion.
This loan would not have been possible without determination and teamwork from all those involved working seamlessly together, including the broker, the solicitors on both sides, the valuer and monitoring surveyors, coming together to deliver on a complex deal, within in a tight timeframe. Amazing work by all those involved, and a real testament to what we can do at Catalyst!"
๐๐ป๐ฑ๐ ๐๐ฒ๐ฒ๐ต๐ป๐ฒ๐ฟ ๐ณ๐ฟ๐ผ๐บ ๐๐ถ๐น๐น๐๐ผ๐ฝ ๐๐ฟ๐ฒ๐ฑ๐ถ๐ ๐ฃ๐ฎ๐ฟ๐๐ป๐ฒ๐ฟ๐, ๐๐ต๐ผ ๐ฏ๐ฟ๐ผ๐ธ๐ฒ๐ฟ๐ฒ๐ฑ ๐๐ต๐ฒ ๐ฑ๐ฒ๐ฎ๐น, ๐ฐ๐ผ๐บ๐บ๐ฒ๐ป๐๐ฒ๐ฑ: โA big thank you to the team at Catalyst for getting this one over the line after we were let down at the last minute by another lender. Working closely with Danny and Gareth we managed secure the purchase of two large MUFB portfolios for my client at 90% LTC and 75% LTGDV. Exceptional work!โ
