Recent Cases:

INVESTMENT PROPERTY PURCHASE £300,000
An industrial unit in the West Midlands partially owner occupied but also had three tenants all with Licenses to Occupy rather than formal leases. A long term commercial mortgage was arranged repayable over 25 years with an interest rate of just 1.5% above Bank Base Rate and a very competitive arrangement fee of 0.5%.

BUSINESS PURCHASE £118,000
Completed a full business plan and arranged a secured business loan through a main high street bank.

INDIAN RESTAURANT £120,000
Client was looking to buy a restaurant however it was originally two separate units and thus one half is leasehold and the other is freehold. Completed a full business plan and long term finance was arranged via a high street bank.

FACTORING SOLUTION
Initial request was for asset finance to buy equipment, however due to the specialist nature of the equipment it was difficult to arrange traditional finance. Consequently the debtor book was used to raise the necessary level of funding.

DEVELOPMENT FINANCE £280,000
Three business partners were looking to buy an old factory unit, then arrange for a change of Planning Consent to enable them to construct two residential properties. I produced a full Business Plan which included a full financial appraisal of the project. An initial loan of 75% of the purchase price was agreed followed by an increase in the facility to fully fund the development costs. Total facility was £280,000 with interest at a margin of 2% plus bank base rate, rolled up and added to the loan. Bank arrangement fee was also added to the loan.

GASTROPUB £427,500
Two partners wanted to buy a freehold pub. Neither had operated a pub previously but one did have significant experience in operating a successful catering business. The pub itself had been closed for a number of months and had only reopened for a very short time. Consequently there was limited historical financial information and thus most high street lenders were not attracted to the deal. I produced a business plan and obtained a Pinders Report which was sufficient for two well known lenders to provide an offer letter. A 15 year commercial mortgage with the first year on an interest only basis was agreed at 1.8% plus bank base rate. Loan amount was £427,500 being 75% of the purchase price.

LIGHT INDUSTRIAL UNITS £630,000
Client had approached his existing bank to restructure (consolidate) and slightly increase his overall debt. They were not attracted and I was approached to undertake a complete re-mortgage exercise. The main issue was that the client needed 3 years on an interest only basis following which significant capital reductions were to be made to the debt. This would then enable the debt to be amortised over 12 years and still allow the client to take a reasonable amount for personal drawings. Facility was agreed by a high street bank at 1.75% plus bank base rate.