Industry leading specialist lender, West One Loans, has successfully completed a £7.8m large, complex, commercial bridging loan to finance the redevelopment of a boutique hotel in Suffolk. The borrower, a family-run limited company with extensive experience in property and commercial investment, needed £6m to refurbish the hotel and planned to secure against a large multi-unit […]
Fiduciam, the institutionally funded development lender, has provided a £1.6m ground up development facility to an established family housebuilder in Worcestershire at 70% Loan to Gross Development Value. All three of the completed units will have idyllic views over the Malvern Hills. Fiduciam’s 18-month facility assisted the borrower with the purchase of the site and […]
Little more than six months after achieving its full banking licence in September 2021, Recognise Bank has announced that is has delivered over £100m in lending to the UK’s SMEs, hitting the ambitious target it set six months ago. The Bank also launched its personal savings range six months ago, within two days of receiving […]
Alternative Bridging Corporation has provided a sizeable bridging loan so a client could quickly take advantage of a buy-to-let investment opportunity. The borrower needed £1.5m to secure an investment property in Woodford Green, Essex. The case was introduced to Alternative Bridging’s business development manager (BDM) for the region, Taylor Osunsedo, and after studying the application, […]
RSM UK has advised on the sale of The 1810 Company Ltd, a leading UK kitchen sink and tap supplier, to Schock GmbH, a German manufacturer of premium quartz composite kitchen sinks and supplier of high-end mixer taps. Founded in 2009, 1810 has grown to become one of the leading suppliers of innovative kitchen sinks, […]
United Tooling Solutions Ltd (UTS), has acquired Newcastle under Lyme’s Mettex Fasteners Ltd, Weston-super-Mare’s Nuts & Bolts Ltd and Fastfix Bristol Ltd with the support of existing funder Shawbrook Bank. The businesses each supply and distribute fixings alongside power and auxiliary tools to manufacturers. The acquisitions will see Exeter-based UTS expand its annual revenue to […]
Aspen has completed a complex 80% LTV development exit bridge at £1,260,000 on a substantial Grade II listed property in Lincolnshire. Comprising seven high-end apartments made up of one, two and three-bedrooms in Sleaford, the experienced developer required £960,000 to clear an existing facility and £300,000 in arrears to finish works. Completed in under two […]
The leading kitchen wholesaler predict 42% increase of turnover by Q4 2022, as they enter a new period of growth. Independent Growth Finance (IGF) has provided Apeleson Appliances with a £7.5m Asset Based Lending (ABL) solution. The flexible facility will be used to fuel growth following several key contracts wins and increased sales demand. The deal was facilitated by YB Financial Advisory Ltd – an […]
Edinburgh-headquartered Rhizocore Technologies produces locally adapted mycorrhizal fungi to enhance tree-planting projects, a key measure in addressing carbon sequestration. The company’s specially developed fungal pellets are used when new saplings are planted helping accelerate woodland regeneration, improve forest productivity, and increase natural capital benefits. Rhizocore was founded by Toby Parkes, a biology graduate from the […]
Specialist business property adviser, Christie & Co, has announced the sale of Housman Court Care Home in Worcestershire. Established in 1987, Housman Court is a purpose-built residential/dementia care home registered for 30 residents. The home, which was CQC rated ‘Good’ in January 2019, is set in enclosed landscaped gardens in the centre of Housman Park […]
