Case Studies
Business Asset Finance:
A client was looking for an effective financial plan to acquire ten new machines for their Isle of Wight based business.
With an extensive range of funding options, a competitive business finance package for £30,000 was arranged. The company’s Financial Director commented, “Working with our intermediary was effortless. The time consuming process of quotation sourcing was undertaken on our behalf and we were presented with a review of suitable funding solutions."
Bridging Loan:
A client was on a tight deadline and needed to complete the purchase on a new build office property, facing hefty penalties if the works weren’t completed on time.
Because the funds that the client had allocated for the purchase were tied up and not available in order to meet the completion date, a bridging loan solution was sourced for the client within the deadlines given. After searching an extensive panel of lenders, a commercial bridging loan of £280,000 was offered to complete the build.
By utilising specialist solicitors and document courier services, the deal was able to be funded within 7 days.
Bridging Loan:
A hotel owner sold a small hotel in Blackpool and wanted to move to the Lake District where his offer of £720,000 on a prestigious hotel had been accepted. There were other interested buyers but he told the vendor that he could complete quickly and so his offer was accepted.
Unfortunately, two weeks before he is due to complete the sale of the Blackpool Hotel, the buyer pulled out. He knew that he had to complete the Lake district purchase quickly to avoid losing it as the vendor had another buyer waiting.
A bridging loan of £212,000 was arranged using equity on the Blackpool property, enabling the client to complete on the Lake District Hotel.
Commercial Mortgages:
A client with offices in Manchester operates a business specialising in the design of lighting and communication equipment for conferences and concerts. As a well established business they wanted to improve their cashflow and invest in expanding infrastructure in the business.
A mortgage of £750,000 was sourced from a panel of lenders. The funds were secured on the clients’ existing building and offices valued at £1.3 million on a 15 year term. The new mortgage replaced an existing mortgage and allowed the company to reduce debt by repaying smaller loans therefore improving cashflow. As well as delivering the client the amount of funding required, and on better terms (the ‘surplus’ security held by the clients’ existing bank was release back to the business).
The case completed in 23 days.