Case Studies
Property Portfolio Refinance Saves Investor €40K p.a. Interest
Thanks to Clancy Business Finance, we’re saving €40K interest a year, and our loans are much easier to manage.
The Outcome
- €40K annual interest savings on €1.2M portfolio
- No arrangement or exit fees
- 20 year term loan
- Simpler, more manageable debt structure
- Lower overall borrowing costs and improved cashflow
- New long-term relationship with the lender
1.
Summary
The client’s €1.2M residential property portfolio was approaching renewal with its existing lender.
CBF reviewed the existing facilities and refinanced the portfolio with a new lender, reducing the annual cost of borrowing and providing a longer-term funding structure.
2.
Challenge
The existing facilities were coming up for renewal and the debt structure was no longer as efficient as it could be.
The client wanted a longer term and lower borrowing costs, while avoiding additional arrangement or exit fees.
3.
Approach
CBF reviewed the existing facilities and approached the market to identify a lender better suited to the client’s requirements.
We negotiated a new facility with a longer term and improved pricing, while simplifying the overall debt structure.
The portfolio was refinanced from the incumbent lender with no arrangement or exit fees.
