{"id":1421,"date":"2023-10-02T15:16:11","date_gmt":"2023-10-02T15:16:11","guid":{"rendered":"https:\/\/mackenziebyrne.co.uk\/?p=1421"},"modified":"2023-10-02T15:16:11","modified_gmt":"2023-10-02T15:16:11","slug":"mackenzie-byrne-and-fiduciam-complete-2-6m-exit-finance-loan","status":"publish","type":"post","link":"https:\/\/mackenziebyrne.co.uk\/?p=1421","title":{"rendered":"Mackenzie Byrne and Fiduciam complete \u00a32.6m exit finance loan"},"content":{"rendered":"<p>Development finance brokerage Mackenzie Byrne and lender\u00a0Fiduciam\u00a0have completed a \u00a32,614,000 loan to refinance six newbuild houses in Coulsdon, Surrey.<\/p>\n<p>Mackenzie Byrne\u2019s client had come to end of their loan term with their original lender and sold two houses of their eight-house development.<\/p>\n<p>The client needed to refinance, to pay back their lender and give themselves more time to sell the remaining units.<\/p>\n<p>Fiduciam provided a 65%\u00a0LTV\u00a0exit facility at 11.04% p.a. With a twelve-month term, the exit loan will provide the client with time to sell the six houses in challenging market conditions.<\/p>\n<p>Sean O\u2019Leary, Founder at Mackenzie Byrne, said:<\/p>\n<p>\u201cWe were pleased to complete a second exit refinance transaction with this client and Fiduciam.<\/p>\n<p>In the current market exit finance is a key product enabling developers to move forward.\u201d<\/p>\n<p>Jake McCausland, Head of Development Finance at Fiduciam, said:<\/p>\n<p>\u201cWe are pleased to complete a new facility for a valued repeat client in a market where\u00a0development exits\u00a0are paramount.\u201d<\/p>\n<p>Published by <a href=\"https:\/\/bridgingloandirectory.co.uk\/client-stories\/mackenzie-byrne-and-fiduciam-complete-2-6m-exit-finance-loan\/\"><em>The Bridging Loan Directory<\/em><\/a> on 29th September 2023<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Development finance brokerage Mackenzie Byrne and lender\u00a0Fiduciam\u00a0have completed a \u00a32,614,000 loan to refinance six newbuild houses in Coulsdon, Surrey. Mackenzie Byrne\u2019s client had come to end of their loan term with their original lender and sold two houses of their eight-house development. The client needed to refinance, to pay back their lender and give themselves [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":1403,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mackenzie Byrne and Fiduciam complete \u00a32.6m exit finance loan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mackenziebyrne.co.uk\/?p=1421\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mackenzie Byrne and Fiduciam complete \u00a32.6m exit finance loan\" \/>\n<meta property=\"og:description\" content=\"Development finance brokerage Mackenzie Byrne and lender\u00a0Fiduciam\u00a0have completed a \u00a32,614,000 loan to refinance six newbuild houses in Coulsdon, Surrey. Mackenzie Byrne\u2019s client had come to end of their loan term with their original lender and sold two houses of their eight-house development. The client needed to refinance, to pay back their lender and give themselves [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mackenziebyrne.co.uk\/?p=1421\" \/>\n<meta property=\"og:site_name\" content=\"Mackenzie Byrne\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-02T15:16:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mackenziebyrne.co.uk\/wp-content\/uploads\/2023\/09\/Redddown-LI.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1177\" \/>\n\t<meta property=\"og:image:height\" content=\"814\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jake O&#039;Leary\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake O&#039;Leary\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" 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