Aldermore has provided a £2.45m loan to Southernwood Capital to assist with the purchase of a block of apartments in Northampton, East Midlands. Southernwood is a boutique alternative investment fund manager which specialises in the build-to-rent sector. It was founded in 2014 by Irvine Robertson and has acquired a diverse portfolio of residential assets across […]
Recognise Bank has agreed a £550,000 commercial mortgage for a property investment firm to acquire a retail unit in the popular seaside town of Bournemouth, currently being used as a Korean Japanese restaurant. The borrower, Nofesh Ltd, was introduced to Recognise Bank by mortgage broker Asher Goldman, of Goldman Property Finance Ltd., who had dealt with […]
Aimrok Holdings, the owner of prominent hotel, The Gresham, which is located in one of Leicester’s most iconic landmark buildings, has received £13.8m of new funding from Cynergy Bank. The Gresham Aparthotel provides luxury accommodation in the historic heart of Leicester. The hotel opened in November 2021 following a £17m refurbishment. The 121-bed Aparthotel also […]
Milbank, which comprises a portfolio of eight businesses operating across a diverse range of markets, has secured a new £12.6m facility from the asset-based lending specialist. The deal, which consists of an accounts receivable line provided across five group companies, a cashflow loan and a plant and machinery revolver, will allow the group to secure […]
Specialist business property adviser, Christie & Co, has announced the sale of Hill Barn care home in Norfolk. Hill Barn Care Home is registered for 26 elderly service users and located in the tranquil Norfolk village of Sparham. The business occupies a substantial detached, predominantly single storey, building, the original part of which was a […]
Sirius Property Finance has completed a £1.1m bridging loan to finance the purchase of a semi-commercial property at auction. The client approached Sirius with just a week to go before they were contractually obliged to complete on a £1.25m semi-commercial property in Kilburn, North West London. Previous attempts to secure finance had left the client […]
Leading independent asset-based lender Independent Growth Finance (IGF) has announced its latest growth figures, building on 2021’s record-breaking results. April saw client volume increase by 46%, now more than £2.4bn annually and a 55% growth in fund-in use against the same period last year. This continued growth is impressive amidst challenging economic conditions, and is testament to IGF’s continued commitment to financing underserved […]
Alpha Asset Finance is partnering with fintech innovators Nivo to supercharge their application process and combat rising fraud in the specialist finance sector. Alpha have launched a fully branded mobile app powered by Nivo developed technology which enables customers to complete biometric ID verification via their mobile device in just a few minutes. The system […]
Debite, the dynamic financing platform for early-stage companies, has today announced its UK launch with a mission to help businesses more effectively manage their cash flow and maximise their growth potential. Tackling one of the primary reasons why most start-ups fail, Debite’s Buy Now Pay Later model means customers benefit from smoothing the cost of […]
Langcliffe International, the European specialist deal origination business, has announced further growth on the back of a significant increase in European activity with its introductions resulting in 12 completed transactions in the first four months of 2022, half of which were on behalf of overseas clients. Over the last three years, the firm has focused […]
