




Farming Refinance
Long standing Farming clients where we have been requested to refinance some lending as the existing borrowing was reaching maturity.
At the meetings with the client we managed to identify two exit routes for eventual repayment being a potential low cost housing development site on the edge of a nearby village, this was after a referral to local Planning Consultants.
The other site on the periphery of the 200 acre farm is prone to winter flooding & has attracted the interest of national wildlife enterprises for over wintering breeding birds etc.
With the potential two exit routes identified we were able to approach new Lenders & secure fresh term funding which will give the clients the time required to proceed with a sale from either site to repay the the borrowing within an agreed timeframe.
The client has requested Bespoke Banking maintain dialogue through ongoing review meetings.
Bridging Solution to Acquire New Property
Experienced commercial developer had the opportunity to purchase a new premises to effect a quick renovation and re-let. Deal was done from first conversation to completion in just over 6 weeks to allow him to quickly start to make a return.
Funding The Purchase of a New Commercial Property
We were approached by the client to purchase a large F/H property in Gloucester to cater for their expanding Adult Care Home business.
Following our initial meeting it was clear that their financial information was unsophisticated & we introduced them to one of our Panel Accountants who were able to formalise their MI information into sensible Management Accounts. We then placed the business with a lender who agreed a term lending facility over 20 years at 65% LTV with a 1st charge over the property.
The client is now able to continue their expansion plans with this increased capacity. They also have robust Accounting systems in place which will clearly help as the business levels increase.