Real estate funding specialist ASK Partners and OakNorth Bank have provided a £55m co-loan facility to mixed-use and residential development company, Montreaux.
Hampshire-based, Quaestus Yachts, is to turn the concept for its new 60-foot luxury yacht into reality with help from a £650,000 working capital injection from Reward Finance Group.
Shawbrook Bank has supported a customer with a £670k mortgage to purchase a semi-commercial property at auction.
The development is situated in the sought after village of Constantine Bay, just four miles from Padstow in Cornwall.
The lender was approached by Broker Partner, CM LifeCycle Finance - who are new to Shawbrook’s partner panel - for an auction purchase bridging loan, which needed to complete in four weeks. The customer was looking to quickly secure the purchase with a bridge, then move on to a term mortgage and rent the property out.
Real estate funding specialist ASK Partners (“ASK”) has provided a £10.5m senior loan facility on a 30-month term, secured against a 1.65-acre site which includes a three-storey, c.70,000 sq ft office building in central Solihull, currently let to the National Grid.
Pink Pig Loans, the specialist finance packager and distributor, has secured a £1,080,000 bridging facility for a client who needed to purchase their onward property while their current property remains on the market.
Hampshire Trust Bank (HTB) has completed a £1m refinance and capital raise for a buy-to-let investment property in 23 days of receiving the enquiry.
Hampshire Trust Bank (HTB) and Coreco Commercial have completed a complex portfolio refinance and additional funding deal.
A £851,875 Rapid Desktop bridge completed in just five working days through Aspen has saved a developer’s non-refundable deposit.
Shawbrook Bank has supported a customer with a £14.5m bridging loan, allowing them to refinance a large, self-contained office building near Uxbridge town centre.