Case Studies

case 1 location: county durham

property type: café refinance, raising £90k on £125k.

case details: The applicant approached 1st commercial finance via the introducer to raise capital for property enhancements. They redeemed Lloyds TSB, raising £20k for investment. The transaction completed 8 calendar days after 1st commercial finance received the fully packaged case! 1st commercial finance were provided partial accounting information and the margin applied was 3.95%.

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case 2 location: buckingham

property type: Racing stables and farmhouse. £1.6m purchase, the Bank lent £900k to assist with the purchase.

case details: The client was moving from smaller stables and accommodation as his business grew. The clients had partial accounts (just one years audited) and the property had two leases, providing rentalincome for the borrower. A margin of 3% applied.

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case 3 location: norfolk

property type: Retail sports unit, refinance provided £220k on valuation of £340k.

case details: The borrower was an investor, and raised the cash on his unencumbered property to purchase further investment opportunities overseas. A 3.05% margin was applied.