Further Advance On Commercial Loan To Purchase New Property In Essex

Area
Essex
Capital Raised
200K

The best solution for a client isn’t always an introduction to a new, white-knight lender.

The Scenario

We were approached by a client who owns a three-acre multi-purpose trading estate in Essex, with storage units, office space and workshops rented out to car dealers, general tradespeople and small businesses.

There’s also a small bungalow on the site which is rented to one of the tenants.  

Our client already had a £500,000 commercial loan against the site, but wanted to increase the value of the property, and its rental yield, by developing new buildings.

The Solution

We sat down with the client to discuss all the finance options available to him.

Due to the complexities of the site, and the titles and tenancy agreements of the different units, it was going to be far more cost-effective to arrange a further advance with his current lender than to refinance the whole loan.

The client was so happy with this result that he asked us to help with financing an ongoing purchase.

Jack Spillane

Finance Broker

Bristol

0117 959 5094

Is your situation similar to this? I specialise in helping clients who need creative development finance solutions, and second-charge mortgages. Give me a call any time and we can set up a detailed discussion of the finance you need.

Mathew Phillips

Finance Broker

Bristol

0117 959 5094

Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.

Alex Chambers

Senior Finance Broker

Bristol

0117 403 4324

Are you in a similar situation? I am a specialist in residential and investment property finance for UK and international clients at Clifton Private Finance. Please don't hesitate to get in touch for a no-cost discussion of the finance you need.

Luther Yeates

Senior Finance Broker

Bristol

0117 244 5561

Are you looking for a similar type of property finance? I have extensive experience finding residential and investment property finance for UK and international clients. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.

Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

Is your situation similar? I am a bridging finance specialist at Clifton. I can find a quick, cost-effective solution for the funding you're looking for.

Robert Gibb

Senior Finance Broker

Bristol

0117 959 5094

Are you looking for mortgage or short-term finance for residential or buy-to-let property (including HMOs)? I have extensive experience in finding property finance solutions for UK and international clients, both as individuals and limited companies. Please give me a call and let me see what I can do for you.

Adam Arnott

Associate Director

Bristol

0117 205 0214

Is your situation similar to this? I have extensive experience of advising clients who need creative property finance solutions. Please get in touch and we can arrange a time that suits you for a detailed discussion of your requirements.

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