DEAL OF THE MONTH: APRIL 2017
One of the biggest challenges facing the business community is the lack of liquidity in the market place. This has placed significant pressures on many businesses not only cashflow pressures but sustainablility and growth. In November last year our team was asked to originate the funding of and the acquisition of three petrol filling stations in NI. This deal had been unsuccessfully placed in Belfast as the high street banks simply couldn't get there in terms of puling together a funding package. We were instructed and immediately reached out to our network of funders and within 4 days had a firm finance offer for our client. In April of this year the deal completed which was a major success for the borrower and the team allowing the borrower to expand and develop a larger business .
The broad details of the funding terms were :- 70% LTV with interest only at 8% over a 5 year term. Total capital employed just under £6MM.
We delivered an innovative funding solution for the borrower because thats what we do ! If you or your client base have a funding requirement, why not give our team a call.