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