Specialist lender completes £1.47m rural farm refinance

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Redwood Bank completed a £1.47 million refinance on a rural working farm in the UK, securing the loan against industrial units valued at £2.5 million with a loan-to-value of 58.8%. Several mainstream lenders declined the transaction due to the agricultural nature and rural location of the property.

Redwood Bank has completed a £1.47 million refinance on a working farm in a transaction that several mainstream lenders declined due to the property's agricultural ties and rural location. The loan is secured against industrial units valued at £2.5 million at 58.8% loan-to-value. The post Specialist lender completes £1.47m rural farm refinance appeared first on PropertyWire.