ThinCats, the leading alternative lender to mid-sized SMEs has facilitated a £1.8m loan to Furmanac Ltd, the UK’s largest adjustable bed manufacturer, based in Kingswinford, West Midlands. The funding will reduce Furmanac’s overall finance costs by refinancing a range of existing loans from multiple lenders and increase working capital to assist in their current growth. […]
Burrington Estates, commercial regeneration specialist and luxury homebuilder, has bought an historic estate to kick-start a major project and a huge 2,500 jobs-boost for the region. Burrington Estates today announced the purchase of Winslade Park, in Clyst St Mary, which is set in 86 acres of parkland on the outskirts of Exeter. The acquisition, which […]
Investec arranged the financing for LCI of a Leonardo AW169 helicopter, which will be leased to a leading European provider of base-to-base helicopter services. LCI is a leading helicopter lessor, which has developed a proven leasing platform that is today renowned for the ownership, management, and servicing of a global fleet of around 100 aircraft. […]
Praetura Ventures, the Manchester-based investor that backs early-stage businesses in high-value sectors, has successfully closed its second EIS fund at £7m in a move that brings the total raised by the firm to £22m in less than 12 months. The £7m Praetura EIS 2020 Fund will enable the firm to continue to support the growth […]
Arbuthnot Commercial ABL has structured and delivered an £11.8m asset based lending transaction to support the acquisition by Nimbus of the Centrifugal Castings Division of Doncaster’s Group for an undisclosed sum. The division comprises Teesside-based Paralloy and South Yorkshire-based Firth Vickers Centrispinning (FVC), providing high precision cast alloy products that service the petrochemicals and aerospace […]
Specialist lender Together has provided a £2m short-term loan – in just eight working days – for a property development company to re-finance a luxury apartment complex. Manchester-based RB Properties needed the bridging loan to pay off its existing finance company which had provided initial funding to build nine contemporary flats worth £4.2m. A valuation […]
Aspen Bridging has saved a client over £500k in equity on a prime London property having completed a £1.4m, 78% LTV bridge at the conclusion of a complex five-year divorce case. Having completed a previous deal with the same client in 2018, Aspen fully understood the applicant’s requirements following a successful case to purchase the […]
ThinCats, the leading alternative lender to mid-sized SMES, has provided funding to support HFMC Wealth’s ongoing acquisition strategy. Established in 1987 HFMC Wealth is an award winning chartered financial planner with offices in London and Weybridge. ThinCats worked closely with debt adviser finnCap Group to structure a senior debt facility to refinance an existing Natwest […]
Specialist lenders, Aldermore, Lendhub and Proseed Capital have collaborated on a £34m finance facility to enable the conversion of a large commercial unit into 108 units in Canary Wharf with a gross development value of £55m. The facility is majority funded by Aldermore who have provided £29m, making it their biggest property development deal to […]
Fiduciam has put in place a £973,000 loan to refinance a varied portfolio of seven properties, held across nine titles, after the borrower was hit with a large, unexpected, tax bill. Previous poor advice had resulted in the borrower, an experienced operator of pubs and restaurants, purchasing various properties under the wrong legal entity, leaving […]
