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