Long-Term Commercial Investment Loan

The Requirement:

We were approached to assist in the purchase of a £1,800,000 building that was to be converted from offices, into a state of the art performing arts centre.

The company had a slightly unusual business structure, as our clients were purchasing the building and would be letting to their ‘not for profit’ organisation which they run separately.

In addition to this, we also had the requirement from our client, that the lender didn’t take a debenture on the ‘not for profit’ organisation, together with no personal guarantees.

The Interesting Stuff:

We were able to achieve their requirements, and we sourced funding for our client at marketing leading rates, with a 20-year loan.

This long-term funding avoids any need to refinance over the loan term and it also enabled the facility to be priced at just 2.60% over base rate.

How we helped:

Our years of experience and knowledge working with lenders meant we could find and deliver a solution.