Case Studies

Case Studies

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

Holiday Cottage 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

Holiday Cottage 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