Commercial Finance for a Semi-commercial Property

A client reached out looking to raise a commercial loan against a public house with 4 bedrooms. The property was being used for both commercial and residential use.

With the existing loan due to expire we only had 2 weeks to complete, from initial application to issuing the funds. Faced with a tight deadline and adverse credit conditions, funding this case proved a challenge. This wasn’t a case that we couldn’t solve.

To meet the client’s expectations, we set to work on sourcing a suitable solution straight away. Reaching out to extensive list of lenders, we were able to find a lender, offering the best deal to the client. Due to the client’s adverse credit, a redemption statement was required from the existing lender, which we obtained in a day. Within just 6 days of initial application, the client received the loan terms presenting the full loan amount requested.