The loan for a Cheshire based entrepreneur who has developed 85,000 square foot of industrial space came to us to refinance their development facility, to allow themselves time to let the space ahead of refinancing the facility onto a long term commercial facility.
The client who used us on an adjacent site once that was also at practical completion, came back to us based on the existing relationship and understanding of the whole site.
Michael Stratton, our CEO & Founder commented; “It was great to be able to work on this project for our returning client. Working with clients who have demonstrated proof of concept previously makes our life a lot easier and allows us to push the boat out further than we otherwise would.”
We have completed over 500 loans in 2024, whilst maintaining an average loan size of £270k. Michael added, “as a lender we’re agile, and we’re flexible, this loan particularly demonstrates our ability to close transactions at both ends of the spectrum when we see the relevant opportunity”.
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