Successful Trading Business Looking to Refinance To Raise Capital

The Requirement:

A successful trading business that was looking to refinance their warehouse, to redeem the existing lender and raise capital that would go into their property investment business.

The Interesting Stuff:

As the incumbent lender declined to increase the loan to a sufficient level, we sought alternative high street lenders who could lend the full amount requested.

How we helped:

We were able to successfully present the strengths of the business and agree the EBITDA that was used to underwrite the loan, and therefore was able to maximise the debt available to them.

The existing security arrangements were complicated by an equitable charge and despite the LTV increasing by this refinance, we negotiated with the equitable charge holder to retain their position, which negated the need for the client to pay down that facility.