Testimonials
- "CBL are able to give quality independent advice to anyone planning to purchase a commercial property or business, either leasehold or freehold. We prepare a Financial & Business Proposal for presentation purposes in a format that... we know the lender wants to see it " packaged " Mr & Mrs C, Ilfracombe
- "We really didn’t believe you could possibly achieve the funding we needed to purchase the hotel given our circumstances, thank you so much for all your hard work" Mr & Mrs M, Manchester
- " .........With enormous thanks for your expertise in raising an excellent deal for us...." Mr & Mrs S, Salisbury
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Holiday Cottage Complex 1, Cornwall Purchase Price £1,350,000
- Our client had funds of £400,000+ after the sale of his home
- He required funding of £950,000
- There was additional outside income
- There was a need for extra capital repayments without penalty
- This was the clients first business
We Achieved
- A facility of £950,000
- Interest only available for the first year
- A rate of just Bank Base + 1.3%
- The ability to pay off capital chunks without any penalty
Refinance of Public House, Somerset Value £500,000
- Our client was unhappy with his current bank rate after 3 years of trading
- He wanted to pay off his current borrowings of £280,000
- Additionally he wanted to raise £50,000 available to purchase a house
- His current bank was charging bank base rate + 1.25%
We Achieved
- We obtained a commercial Mortgage of £280,000
- A facility to drawdown a further £50,000 within 12 months
- Both facilities at just 1.25% over bank base rate
- This saved the client over £2,800 per year!!
Upmarket Wine Bar, Essex Leasehold premises Purchase Price £500,000
- Our client had funds of £290,000
- The client had no security to offer but required £210,000
- He was an experienced licenced trade operator
We Achieved
- A facility of £210,000 with a High Street Bank
- Security by way of the Small Firms Loan Gaurantee Scheme
- A rate of just 2% above Bank Base rate
Holiday Cottage Complex 2, Cornwall Purchase Price £1,200,000
- Our client required 100% funding as he had not sold his house
- This was his first business
- There was additional outside income
- He had sufficient cash for stamp duty, solicitors fees, etc
We Achieved
- Full funding of £1,200,000
- A Commercial Mortgage of £1,025,000
- Bridging Finance on his home of £175,000
- Both loans were at only Bank Base + 1.485%
- Interest only payments were available for the first year
Wilts Hotel Purchase Price £1,020,000
- Our client approached us to arrange funding for the purchase of the Hotel at £1,020,000
- A cash deposit of £200,000 was available, the client required funding of £820,000
- Accounts showed an average profit of around £90,000 over the past 5 yrs.
- This was the clients first venture into the Hotel trade.
- There was also additional outside income of £55,000.
We Achieved
- Advance £750,000
- Loan Term 25 years
- First 12 months interest only paid quarterly in arrears, improving cashflow.
- Interest Rate Bank Base +1.75%
- Vendor Loan £70,000 paid over 5 years.
Filling Station & Convenience Store,DevonPurchase Price £500,000
- Our client had been let down by another Broker who was unable to get 73% LTV
- A cash deposit of £100,000 was available
- Accounts showed a high wage bill and small profit
- This was the clients first venture in petrol reatiling
We Achieved
- Advance of £350,000 plus £15,000 top up loan (73%LTV)
- Loan Term 25 years
- First 12 months interest only paid quarterly in arrears, improving cashflow
- Interest Rate Bank Base +1.98%
- Vendor Loan of £60,000 to cover shortfall, stamp duty, stock and working capital
- Credit card facility for £7,500
Freehold Public House, Wilts Purchase Price £420,000
- Our client had been £80,000 cash and thought they could only buy a leasehold pub
- They were experienced Publicans
- Accounts showed net profits of around £55,000
We Achieved
- Advance of £365,000 this included corporate guarantee by brewery (87% LTV)
- Loan Term 20 years
- First 12 months interest only
- Interest Rate Bank Base +1.5%
Freehold Public House/Hotel, Purchase Price £265,000
- Our client had been £40,000 cash and thought they could only buy a leasehold pub
- They were experienced Publicans
- Accounts showed net profits of around £50,000
We Achieved
- Advance of £228,236,000 this included corporate guarantee by brewery (89.5% LTV)
- Loan Term 20 years
- First 12 months interest only
- Interest Rate Bank Base +1.5%
Devon Hotel Purchase Price £895,000
- Parents & Son wished to purchase the Hotel at £895,000 with no cash available
- Parents house was valued at £500,000 with a mortgage of £40,000
- Accounts showed profits around £85,000
- This was the clients first business
We Achieved
- Advance of £999,000 this incl funds for fees, stamp duty, working capital and paying off mortgage
- Loan Term 25 years
- First 12 months interest only
- Interest Rate Bank Base +1.5%
- No penalties for paying back capital after house sale
Mixed Holiday Park, Purchase Price £1,050,000
- Client had £260,000 cash, plus house to sell
- New to the Holiday Park sector
- Accounts showed profits around £80,000
We Achieved
- Advance of £840,000
- Loan Term 20 years
- First 12 months interest only
- Interest Rate Bank Base +1.25%
- No penalties for paying back any capital after house sale
HolidayCottage Complex 3, Purchase Price £1,350,000
- Client had £500,000 after selling his house
- First business
- Accounts showed profits around £50,000
- Client had outside income of £115,000
We Achieved
- Advance of £900,000
- Loan Term 25 years
- First 12 months interest only
- Interest Rate Bank Base +1.3%
- £50,000 overdraft facility to carry out capital works
HolidayCottage Complex 4, Purchase Price £675,000
- Client had £230,000 after selling his house
- First business
- Only historic accounting information has no income for 2 years
- projection led based on historic financials
We Achieved
- Advance of £500,000
- Loan Term 25 years
- First 12 months interest only
- Interest Rate Bank Base +2.2% on £250,000
- Interest Rate 6.8% fixed for 2 years on £250,000
Mixed Holiday Park, Purchase Price £1,000,000
- Client had £50,000 cash, plus house to sell
- Additional security of £150,000 made available
- New to the Holiday Park sector
- Accounts showed profits around £85,000
We Achieved
- Advance of £1,000,000
- Loan Term 20 years
- First 12 months interest only
- Interest Rate Bank Base +1.5%
- No penalties for paying back any capital after house sale
Bristol Hotel Purchase Price£1,160,000
- Client had £220,000 cash after the sale of his house
- He required £960,000 to cover solicitors fee, stamp dutye etc
- New to the Hotel sector
- This is an 82.75% loan to value
We Achieved
- Advance of £960,000
- Loan split into two loans
- One loan 25 years of £840,00 another 10 years of £120,000
- Interest Rate Bank Base +1.5% on long term debt and +2% on short term debt
- Interest only available for the first 12 months
- A truly exceptional case
Pub Company, Refinance of £850,000
- Client had been operating 9 leasehold pubs for 10 years and wanted to expand to 15 pubs
- They had been totally brewey funded and could not find any lender to support them due to lack of security
- They required £650,000 to pay off Brewery loan
- They needed a further £200,000 facility to expand the business
We Achieved
- Three loans meeting their requirement of £850,000
- Some secured on property the remainder by way of charge over the leases
- The secured debt was at +2.5% unsecured +3.5%
- This immediately allowed the client to negotiate new terms with the brewery making £52,000 extra profit immediately
- This shows the importance of using a good broker
Refinance & Purchase of Post Offices/Stores £800,000
- Client had been operating a Post Office/Stores for 3 years
- He found his current lenders inflexible and unablle to assist in a refinance and further acquisition
- Wanted to acquire another village PO and Stores which had recently closed
- Required total funding of £800,000 to allow refinance, purchase and development of closed business
We Achieved
- £800,000 split into 2 loans
- The client wanted to have some fixed rate funds so £500,000 at 7.19%
- The other £300,000 was at bank base rate +2%
- Both loans over 25 years
- Interest only for 12 months
- Full 80% loan to value
Large Somerset Pub, Purchase of Leasehold £195,000
- Client had never operated a pub before
- They had £25,000 to cover rent and ingoing costs
- Required full funding of £195,000
- The client had £96,000 of usable equity in their house
- 8 years remaining on a free of tie lease
We Achieved
- Full funding of £195,000
- Funding at +2% over bank base rate over an 8 year term to tie in with lease
- secured on the clients house and a charge against the lease
- Interest only for 12 months
Village Inn, Purchase of Leasehold £265,000
- Client had never operated a pub before
- They had no cash available
- Required full funding of £285,000
- The client had £215,000 of usable equity in their house
- Free of tie lease
We Achieved
- Full funding of £285,000 the extra £20,000 to cover costs
- Funding at +2% over bank base rate
- secured on the clients house and charge against the lease
- Interest only for 12 months
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