Deal agreed for development of 8 x 6 bedroom detached houses.

Deal to be done in 3 phases with phase one being the land purchase and build of first 3 Land value of £1.5M with 60% being lent against this ie £900k and then 66.5% being lent against the development costs of £1.6M ie £1,064,000 Total debt on phase 1 is £1.964M against end value of £4M Interest roll up agreed and facility termed over 12 months Main condition of loan was that at least one of the first 3 properties was sold and contracts had exchanged Phase 2 & 3 also agreed and total debt will be in the region of £4.5M

Deal agreed for development of 33 terrace houses.

Deal to be done as one build with no phasing Land value of £700k and this is already owned by developer with no outstanding debt so 60% can be released to go towards the development costs of £2.2M meaning the bank can lend £1.9M and the client needs to fund £300k of the initial development costs. Facility termed over an 18 month period Client has two options re the exit, he can either pre-sell enough to cover the debt or alternatively if he was to put 2 years interest cover up front to the Bank they would allow him to sell as they go up.

Capital Raising against an unencumbered derelict Barn which had planning consent in place to convert to 2 x 4 bed residential dwellings.

The client had owned the property for many years. The barn was part of a former working farm handed down through the family. The client had recently completed 2 other new build residential properties on adjacent land, which had been rented out, so had no cash deposit or background income, but reasonable experience. Value of the undeveloped site £350000 and projected GDV of both finished houses £800000. A loan of £385000 was agreed over 2 years on an interest only basis to cover the full renovation costs of both plots of £350000 and provide a further £35000 to cover interest. Interest rate of 3.25% over base and a 1.5% arrangement fee payable upon drawdown which would also be added to the loan capital. Bank were happy to draw funds in £50000 tranches following the Bank Managers site visits.

Client banked for last 10 years with a high street bank and grown his property portfolio with them.

Portfolio was valued at £4M and client had outstanding debt of £2.2M on interest only Facility had come up for renewal with the bank and they were looking to increase interest rate from 1.75% ABR to 3.25% ABR, charge a fee of 1.5% and also put half of the debt onto repayment Client not happy and wanted to re-finance with main objective to keep all on interest only There is only one Bank offering long term interest only and I approached them with the deal and they agreed within 24 hours to do it Terms offered were, £2.2M on 15 year interest only term at a rate of 2.25% above LIBOR and an arrangement fee of 1%, which included all security costs

Client with property portfolio worth £1M and unencumbered wants to buy more property buts wants the flexibility to be able to pay cash so he can negotiate better prices for quick purchases.

Client banked with a high street bank for many years and they weren’t interested in helping due to thei change in policy on property lending The ideal scenario for this client was a hunting facility so on the back of the property portfolio being charged to the lender we were able to secure an overdraft facility of £600k, which effectively gave the client the cash to purchase The deal was a 12 month overdraft facility at 2.75% above base and a 2% arrangement fee (this included 1% for us)

Purchase of commercial workshop & warehouse. This was being purchased from the administrator of the former trading company, which were renting the premises back to the new trading company on a short term licence.

Each of the shareholders of the new trading business, which had 9 months profitable trading under it’s belt, illustrated by monthly management accounts, had sufficient value in their SIPP’s to purchase the property through the 2 pension funds along with the 50% loan from the Bank allowable under the Inland revenue rules. Purchase price £500000, loan amount £186000. 15 year repayment term. Interest B + 3% Loan conditional upon a new FRI commercial lease to be drawn up between the new trading company & the SIPP

Demolition contractors who had been established 14 years.

£40000 overdraft facility in place with the existing company Bank and previously only very lightly used. As a result of the downturn in the property market & construction industry during 2009, profits had reduced and they had become a little more reliant upon the overdraft facility. Cashflow forecast through 2010 showed a peak borrowing requirement of £140000 in April 2010 coming back into the black toward the end of the year & continuing in credit during 2011. Their order book was full & work in progress had certainly picked up although on paper their aged debtor list was very low. We obtained a full re-banking package for them with an initial overdraft limit of £140000 for 6 months, reducing down to £70000 on an ongoing basis. Interest rate B +3%. Arrangement fee 1.5% Security was a Debenture + Directors PG’s supported by a second charge over their own dwelling house.

Client looking to purchase a Kennel & Cattery business for his wife & daughter to run. He was 50% shareholder in a successful mobility scooter sales company.

Purchase price £895000 to include goodwill & living accommodation. He had already approached his existing company Bank Manager to put a deal together for the purchase. We were introduced a number of weeks after his own Bank Manager had started looking at the deal and were asked to put an alternative proposal together. £500000 loan agreed within 7 days of first meeting the client, deal signed up and the valuer went out to view the property within another week. 15 year loan term, with repayments on a 20 year repayment profile initially to keep monthly commitments down in the first couple of years to ease cashflow. Interest rate Base + 2.75%. Arrangement fee 1.5%. Everything was completed to the client’s entire satisfaction within 6 weeks of the initial introduction to ourselves.

Client is a £25m turnover security systems business.

Client had full banking relationship with a high street bank which was made up of £400k overdraft, £1M EFG loan and a £2M CID facility. 6 months into the CID facility, the existing bank realised that quite a few of the invoices were advanced payments for a full years work and on the back of this they wanted to decrease the pre-payment levels from 80% to 60% in a 2 month timescale, which obviously was going to have a big effect on the business cashflow position. This happened mid 2009 so pretty much the height of the recession and the client spoke directly to all the high street Banks who all came back with a negative response We were asked to look at the facility and approached a lender that we deal with who have a very flexible approach and they agreed the deal at better terms than their existing bank were charging and put the pre-payment level back to 80%, which solved the companies cashflow issues.