Sometimes, refinancing can be tricky when you or your project don’t fit into typical lending criteria parameters. However, an internationally-based company as a tenant with a short trading history in the UK, were no match for our expert team of commercial finance brokers in this recent case study.

About the Deal

Blake Morgan LLP introduced a client to Pure Commercial Finance as they were struggling to refinance their high interest commercial loan on a portfolio of industrial units and land with a variety of banks that the client had approached directly.

After meeting with the client and discussing the background of their funding needs and history of the properties and leases, a strong understanding was gained. It was clear that due to one of the main tenants only having a year’s trading history in the UK and the holding company deriving from the UAE, a strong funding proposal needed to be presented to refinance the loan and release additional capital.

Our Head of Structured Finance here at Pure Commercial Finance, Tom Lee, managed the funding from inception and overcame the many pitfalls that arose, satisfying the funder by way of a bank guarantee to gain comfort with the tenant. This had been a stressful period for the client and there was relief on completion, as well as reduced mortgage payments.

Tom Lee said:

“This transaction wasn’t without its challenges, but I worked hard to manage and gain a positive solution for the client. James and the team at Blake Morgan were a huge asset throughout and were able to work to the strict timeline required, giving the lender’s lawyers the comfort required to give a satisfactory report on the title.”

James Egan, Senior Partner at Blake Morgan, said:

“Advice was sought for a longstanding client around their funding requirements. Tom managed the client’s concerns and expectations from the outset, putting them at ease and keeping them and us updated throughout the process. This helped build on an already strong working relationship. The client was delighted with the outcome and we look forward to working with Pure again on future transactions.”

Do You Require a Bespoke Finance Package?

Not everyone’s funding needs will fit with current funders’ policies, but, here at Pure Commercial Finance, our experienced team of brokers can produce complex finance packages to suit most requirements.

We can tailor investment mortgages to the required amount, whether the structure is onshore, offshore or backed by other investments, and funding is sourced from national, private and international banks, as well as life insurance companies, pension funds, family offices and opportunity funds.

 

To find out more about our commercial finance and project funding services, please get in touch with our commercial finance brokers today.