Client: Santander, Warrington
This industrial estate was being acquired for investment purposes by a client of Santander. The property comprised a good secondary multi-let industrial estate, close to the M6, containing 30 units and totalling 222,528 sq ft.
Santander appointed Gerald Eve Loan Security Valuation experts to provide advice on risk and value.
Current market conditions make lending in today’s market difficult. It is therefore paramount that any risk is understood and quantified to an accurate level. As part of Gerald Eve’s loan security valuation report all areas of risk are analysed and reported on, which enables the lender to make a qualified professional judgement.
Approach
Gerald Eve provided Santander with a report containing professional advice relating to the Market Value and risks involved in lending against the property. The report was provided within the required timescale.
Results
The report was successfully used for loan security purposes.
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