Let’s give you some real world examples of how we’ve helped our clients.
Finance Type: Development Finance
Facility Amount: £1,200,000
Requirement: Land Purchase & build costs
The client is a local developer with some experience in building their own homes but this particular scheme was a step up from previous developments. The client needed assistance in the land purchase on a site that had significant interest from larger developers. We were able to support the client in completing the purchase and then provide support on the build costs to complete phase one on of the build of 19 executive homes whilst also managing a conversion of a grade 2 listed building on the site.
Finance Type: Pensions Mortgage
Facility Amount: £300,000
Requirement: Purchase of a public house
Finance Type: Overdraft
Facility Amount: £75,000
Requirement: FUND WORKING CAPITAL AND RELEASE CHARGE OFF INVESTMENT PROPERTY
The facility was working very well for the client however we were contact by their mortgage advisor who was having a problem releasing equity from their investment properties. The properties had a charge on them for the overdraft facility provided by their bank. Knowing the bank and their criteria for taking security we were able to increase the secondary overdraft facility by a further £25k and reduce the primary one by the same amount and request that the charges over the property be released, which they did. This meant the client could continue to invest in property whilst not impacting his working capital requirements
Finance Type: Invoice Finance
Facility Amount: £150,000
Requirement: Fund the purchase of more stock
Working with a business that imports goods from China, they were experiencing high growth which was putting pressure on the businesses working capital and subsequently slowing down their progress. They had done extremely well to grow the business over the last 3 years only using the credit terms they had negotiated with their suppliers, however their needs outgrew what the supplier could provide. We spent time understanding the client’s business in detail and what they wanted from a facility, what their concerns were, and made sure they fully understood how any facility would work.
After researching the market we established a ‘best fit’ for the client, identifying a lender that satisfied their priorities on pricing, flexibility and advance rates. With the facility in place they were able to quickly grow the business with the prospect of winning and servicing new clients at a quicker rate which has strengthened the company. This has been even more apparent during the Covid 19 pandemic as they have been able to navigate the crisis with relative ease due to their financial strength.
Finance Type: Asset Finance
Facility Amount: £750,000
Requirement: Open a new climbing centre
We were introduced to a client via a solicitor who was advising the business on the acquisition of a new site for their indoor climbing business. The business was growing successfully but needed to finance the purchase of the climbing wall and associated equipment. We sourced the funding via a high street bank as the business was strong however there were delays in drawing the facilities. As a result we utilised our HNW network to ‘bridge’ the funding requirement ensuring that the project was completed on time and within budget. Needless to say, the client was extremely pleased with the support provided.
Finance Type: Private Investment – HNW network
Facility Amount: £250,000
Requirement: Property Purchase
The client was keen to borrow against the market value which would mean they needed to contribute less to the overall transaction however there were no bridging lenders that would take this stance. We approached our HNW network to see if we could fund the purchase using their funds as the client was very confident that, post works, the property value would increase substantially. We arranged for an independent valuation to be undertaken and arranged for a private loan to support the purchase.
Once the client secured the property they set about converting it to serviced accommodation. On completion we arrange the refinance on to a mortgage against the increased value.
Since the acquisition the property has enjoyed an occupancy rate over 85% and the client is working on similar transactions to grow their portfolio.