Latest Deals

Just a flavour of some of the deals that we have recently completed

Sept 2021

Investment Property Purchase
Assisted corporate client in the purchase of an investment property at 60% loan to value with interest rate sub 3%. Handled all the negotiation with Bank on clients behalf and dealt with everything from inception to completion including chasing solicitors.

Aug 2021

Bridging Loan for Client with Poor Credit

Bridging Loan £300k. Agreed for a farming contractor with chequered credit history. Farmer was in need of working capital to refinance his business and had fallen out with his existing clearing bank. We negotiated with the bank to ensure they were fully repaid from a land sale. We raised £300k on a temporary bridge against residual farming assets pending facilitating a longer term funding solution. From our network of professional contacts we introduced our customer to a lawyer so that he received proper representation for the land sale and fund raising.

July 2021

Confidential Invoice Discounting Facility to assist growth 

Confidential Invoice Discounting facility £2.5m for a manufacturing company. The company produces kitchens and bathrooms from its factory in Gloucestershire and its main customers are social housing groups and the education sector. When COVID struck in 2020 orders fell away dramatically and customer was able to survive on the wider group’s balance sheet. The economic recovery and bounce back means that order book is substantial and working capital under pressure to service all the orders. In addition supply chain pressure has resulted in suppliers demanding better terms and prompt settlement. A final complication is contractual nature of some orders which are not attractive to asset based lenders. We were able to shape a deal with a new funder that increased funding limit to £2.5m  and also incorporated the contractual element of the debtor book.

June 2021

Company refinance and Restructure

Very complex refinance to allow an accountant led company restructure to capture tax savings and set inheritance plan in place. New streamlined structure now in place with reduced interest rates on existing borrowing saving both money and tax going forward.

May 2021

Investment Mortgage in Hospitality Sector

Commercial mortgage £1m. We arranged an investment mortgage of £1m for a customer who has purchased a small portfolio of retail and hospitality sector tenants. Many lenders have withdrawn from lending to this sector but we prepared a business plan and financial model to evidence that this was a scenario worth backing.

Apr 2021

Refinanced Bridging Facility

Challenging bridge £450k completed for an established developer in the South West. Customer approached Bespoke as they needed to extend their ‘land only’ bridging loan. They had been put in a precarious situation where the current lender was unable to extend an existing facility and requested repayment. Customer needed time pre development to work on enhanced planning gain (which had been agreed in principle by the planners) and complete a deal with a housing association for the affordable housing allocation. Notwithstanding the borrowing had been refinanced on a bridge three times before, Mark & Greg were able to place with a funder at 65% LTV and we are now negotiating the development loan.

Mar 2021

Pension Loan Restructure

A complex restructure of a pension loan from one lender to another. Fresh terms negotiated saving some £30k per annum and releasing additional cash for the owners.

Feb 2021

Owner Occupier Commercial Mortgage
Gloucester based looking to purchase their own premises as the lease on their current site was expiring. What appeared to be a straight forward transaction was complicated by COVID & its restrictions which substantially delayed the transaction. It was also necessary for us to organise a new company structure with the property being purchased   in a separate Limited entity to the trading Company which entailed cross securitisation of the assets for both businesses.