Bridging Loans
Overview
The client required a Bridge Loan to purchase a building with planning to covert into 11 apartments, with experience in other similar developments the client required funding for part contribution to the purchase and also the conversion costs.
Loan Size - £395,000
Term - 18 Months
Security - 1st Charge on the development property – Company Debenture – Director Guarantee
Exit
Commercial Multi-Unit Freehold Mortgage once completed
Property Purchase
Overview
The client required 75% Loan to Value against a property purchase, the property was to be purchased from a business partner as part of the directors dividing the assets of an investment company.
Loan Size - £285,000
Term - 9 Months
Security - 1st Charge on the property – Company Debenture – Director Guarantee
Exit
Bank Refinance
Property Refurbishment
Overview
A property development client purchased two adjoining properties to be fully refurbished and modernised, including full re-wire, heating, new bathrooms and kitchen.
Loan Size - £445,000
Term - 14 Months
Security - 1st Charge on the development property – Company Debenture – Director Guarantee
Exit
Sale of the properties
Below Market Purchase
Overview
The client who was a tenant had an option agreement with the current property owner and landlord to purchase the building for an agreed price. The purchase price was 70% of the Open Market Value, therefore the property was purchased with no cash contribution from the client.
Loan Size - £225,000
Term - 17 Months
Security - 1st Charge on the property – Company Debenture – Director Guarantee
Exit
Commercial Mortgage
Auction Finance
Overview
The client had purchased a property at auction and needed funding within 28 days from the auction date and a traditional Buy-to Let Mortgage would not complete in the timescales required.
Loan Size - £145,000
Term - 9 Months
Security - 1st Charge on the property – Company Debenture – Director Guarantee
Exit
Buy-to-Let Mortgage
Secured Business Loan
Overview
The client and owners of a Farm Shop had a funding requirement for the business to build and extension to the business premises to house a new Café Bar/Restaurant.
Loan Size - £520,000
Term - 22 Months
Security - 1st Charge on the Farmland / Property – Company Debenture – Director Guarantee
Exit
Bank Refinance
Stock Purchase
Overview
A manufacturing / Engineering client had the opportunity to purchase raw materials for a significant discount if purchased direct from the source overseas, which in turn would have a huge positive impact on future profits.
Loan Size - £185,000
Term - 11 Months
Security - 1st Charge on the Directors Residential Home – Company Debenture – Director Guarantee
Exit
Repaid from the increased trading profits
Hunting Fund
Overview
A property investor pre-approved for a fund to purchase properties at auction, distressed purchase or below market value. The facility amount was agreed and the client due diligence was completed which only left the investor to find suitable properties.
Loan Size - £975,000
Term - Ongoing
Security - 1st Charge on the future property purchase - Company Debenture – Director Guarantee
Exit
Individual Investment Mortgages to part redeem the facility
Property Development / Refurbishment
Overview
The client is an experienced business woman. The property is an industrial site comprising of 8 Units and a Storage Yard with a LTV at 65%. The loan is to redeem the existing first charge plus the release of some additional funds to complete the development of the site.
Gross Loan - £1,430,000
Term - 24 Months
Exit
Refinance
Property Purchase / BMV
Overview
This is a retained loan to experienced landlords purchasing a semi-detached property below market value. The property will be refurbished and then reintroduced to the market and sold at full market value. The property is an office block.
Gross Loan - £390,000
Term - 12 Months
Exit
Exit is the sale of the refurbished property at full market value
Portfolio Equity Release For Overseas Purchase
Overview
This is the purchase of a property of a holiday let in France. The client is a successful businessman with an extensive portfolio of rental properties in the UK and abroad. LTV 30%. The property is a holiday let in France valued at £1,977,000.
Gross Loan - £300,330
Term - 12 Months
Exit
Exit is the client's pension lump sum which is due within the loan term and will repay the facility in full.