Case Studies
5 case studies of clients we have quoted financial success
- Refinance of two children’s nurseries
- Bridging facility to purchase £1,650,000 investment property in Manchester
- Purchase of former nursing home and conversion to £2.5m luxury apartments
- Purchase of freehold of existing post office
- Refinance of supermarket with mixed investment
Refinance of two children’s nurseries
Our client operated three successful nurseries and after school clubs. The existing debts were spread across three lenders and our client wanted to buy a new house for £600,000 with a 15% deposit for her self certified mortgage.
Business Finance Quote™ was able to arrange a single facility that consolidated all her debts over 25 years and offered both a one-year capital holiday and provide additional monies to cover her new house deposit.
Bridging facility to purchase £1,650,000 investment property in Manchester
Our client had an opportunity to purchase a prime office block near Manchester United Football Club. The vendor required a one-year lease with just four weeks notice from them should they wish to vacate.
Due to this our clients were able to negotiate a discount against market value, through Prime lenders were not keen to participate at such a high loan to value. However, Business Finance Quote™ were able to structure a six-month bridging facility offering a take-out once a secondary tenant moved in.
Purchase of former nursing home and conversion to £2.5m luxury apartments
Our clients, who were experienced builders, approached us to raise £950,000 to purchase a former nursing home with 42 bedrooms. Whilst experienced, our clients lacked the vital ingredient of a cash stake. However, should the scheme proceed it was demonstrated that the end value of the apartments would exceed £2.5 million.
Working with a specialist residential property development lender Business Finance Quote™ was able to structure a deal to provide all of the purchase price and the development funds.
Purchase of freehold of existing post office
Our client had purchased the lease of a post office, in the Bristol area, which they had been running for 18 months. The freeholder then gave them the opportunity to purchase the freehold for £100,000. However, our client faced two key problems, a lack of a deposit and poor business accounts.
Business Finance Quote™ was able to recommend a specialist business evaluation which ensured the efforts of our client’s work was both reflected in goodwill and showed potential future profits. We were then able to introduce a lender who agreed to advance 70% of the total value of the business and arrange a facility of £100,00.
Refinance of supermarket with mixed investment
Our client had purchased an old shop several years ago and regenerated it into a modern supermarket, 5 flats and a fast food outlet. The original development loan had been organized through Business Finance Quote™ and had meant a massive investment for the client and his cashflow was still tight. Due to this the client approached Business Finance Quote™ once more to see if a refinance deal was possible.
Working closely with a local surveyor to ensure that the correct market value of the site was achieved a facility of £600,000 was agreed with a mutual building society at 1.75% over LIBOR.