Bridging Finance
Requirement / Background
Family had multiple assets across various companies and there were recent company liquidations. The ownership structure was complex with over 25 shareholders – none of whom were directors. No Personal or Director’s guarantees on offer. Large value single residential property worth in excess of £15m. Using funds for business purposes – working capital requirements.
Facility type
Bridging finance against sale of property
Incumbent facility size
£0
Empire Capital Solution
£4m including interest & Fee rollup, 12 month term.
We had multiple offers with a number of lenders breaking their published rates policy ending up in a price war and subsequently an amazing deal for the client.
Interest Rate
0.42% per month – Negotiated down from published rates
Other Charges
2% Arrangement fee
Outcome & Conclusion
The client was in no rush and we went down many paths over a lengthy period of time. We kept trying and ultimately provided the client a solution that ticked every box.