DEAL OF THE MONTH: MAY 2017
Over the last 6 months our new funding business has been writing in the region of £3MM of new business loans per month. In total we have helped seek new capital for twenty three businesses and at the point of writing we have a further £16M of new business loans in legals. To say the business has been busy is an understatement but we will take that, as we have worked hard to develop the relationships with the funders we now have and also our client base.
Retail Investment Property
We are delighted to confirm that in May 2017 we closed on the refinance of a retail investment property trading in Northern Ireland. The high street banks couldn't put a package together to allow this refinance to happen, so we had to reach out to one of our funders in the UK. All in we were able to secure the funding on a 70% loan to value basis with cost of funds coming in at 8%. Another happy client for Clearpath Finance.