Our client required funding to purchase a barn in York to be converted into a two bed single storey dwelling. The agreed purchase price was £175,000. This was the first project for the new company and the client had no prior development experience. However, it was a family business, and they were keen to build up their own track record …
Renovation Finance for Vacant Pub
We were delighted to achieve 100% funding to finance our client’s first refurbishment – a redundant pub next to a supermarket which they were converting it to a retail unit. We obtained a valuation at a level substantially higher than the purchase price and we were able to satisfy the lender that the reason for the discount to valuation was …
Invoice Finance for Better Cash Flow
We helped a fabrication business find an alternative Factoring facility due to the current lender wanting to exit the facility. Due to poor administration processes invoices were becoming disallowed for funding. However, we found a new lender who worked closely with the client prior to the facility going live and helped ensure the admin issues were addressed. They then provided …
Development Finance for New Builds
Key sourced and arranged a £15m loan for new build apartment scheme in South East of England. As there was a good profit in the scheme and loan to GDV was good 50%, the lender accepted a minimal contribution from the client – in this case only 10% towards total costs including the land acquisition. Competitive rates were achieved with …
Permitted Development Office Conversion
A client had acquired an old office property to develop into two self-contained flats. They purchased the property with their own funds for £95,000 and they needed £70,000 for the conversion, which was valued at £300,000. They were declined by their own bank and other lenders. However, using our in-house finance company YPFL, we were provided the funding plus an …
Finance for a Landlord to Grow Their Portfolio
Our client, already a successful landlord, required funds to complete a hotel refurbishment in order to continue to grow their property portfolio and the first charge lender wouldn’t advance further funds. The Key solution was to source a second charge for £160,000 over 5 years.
Supporting A Growing Accountancy Practice
Our client, an accountant needed £50,000 to enable him to purchase a block of fees from another practice. We arranged a £50k unsecured loan over 5 years at very competitive rates. The process was completed in 7 days, from the initial conversation with the client, to the funds being in his bank account.
Raising Capital from Commercial Property
Our client had a self-storage unit valued at £350k in the North West. He had an existing loan with a high street bank and was looking to re-finance to raise £190k capital. This was a new business with a charge to an Invoice Finance provider. The Director was also attached to a previous liquidated company. As the business hadn’t …
Putting finance in place for property auction purchases
Property auctions continue to be popular for those wanting to buy a property promptly and at a competitive price. We deal with many property developers, landlords and commercial investors to help source the quick finance needed as often full payment for the property is required within twenty eight days from the gavel going down. This makes bridging finance the preferred …
Crazy Rates for Invoice Finance
The Invoice Finance market has always been a competitive one but now more so than ever. The last few years have seen a lot of new players entering the market. There was a time when invoice finance was the only alternative to a bank overdraft but with lots more innovative finance solutions becoming available we’re finding that lenders are …