Loan type: Commercial Mortgage | Loan value: £1,462,500 | £490,000 | LTV: 75% | Term: 10 Years | 12 Months
When a family-run manufacturing business needed funding to relocate to a new commercial premises, they faced a setback when their original lender withdrew at the last minute. With a requirement to raise additional funds beyond what a standard mortgage could offer, they turned to us for a solution.
The Client:
A well-established family business specialising in manufacturing machine parts. The company was looking to expand by purchasing an industrial unit to support its continued growth.
The Situation:
The client had identified a suitable industrial unit valued at £1,950,000 but was let down by their previous lender. They required a mortgage at 75% LTV and an additional £490,000 in unsecured finance to cover VAT costs and fit-out expenses for the new premises. Traditional mortgage brokers were unable to structure a deal that met their full requirements.
Our Solution:
We worked closely with the client to structure a bespoke funding package, securing a 75% LTV commercial mortgage while also arranging an additional unsecured loan of £490,000. We facilitated a re-type of the valuation for the new lender to ensure the transaction progressed smoothly. By leveraging both secured and unsecured funding, we were able to meet the client’s full financial needs.
Benefits & Results:
By structuring a tailored finance solution, we enabled the client to successfully acquire the industrial unit while also raising the additional funds required for VAT and fit-out costs. Despite the challenges they faced with their initial lender, we provided a seamless transition, ensuring the deal progressed without further delays. The flexibility of our approach meant the business could relocate as planned, securing a premises that would support their long-term growth and operational needs.
This case demonstrates our ability to think beyond traditional mortgage solutions, structuring finance that supports businesses in achieving their long-term goals.
