Refurbishment Loan | 12 Months | £287,000

We were recently able to help a longstanding physiotherapist business based in Cardiff find the funding for a property refurbishment and allow them to expand the business and open up opportunities to sublet to other local businesses.

The client was passed to us by their high-street bank as it was outside their credit appetite, but the client’s relationship manager was keen to support a longstanding customer.

Working with Chris Buttle at Signature Property Finance, we found a solution using their Commercial Bridging product incorporating a heavy refurbishment programme with a 12-month term to facilitate the work and subsequent re-mortgage onto a long term loan.

Despite several delays due to Land Registry issues and Covid-19, Chris and the team at Signature remained supportive and with assistance from Chris Tymanowski at Peter Lynn & Partners and the team at Insight Law the deal was completed early in December with work starting in January.

Deal Team – Bradley Wayman & Haydn Thomas (Cornerstone), Chris Buttle (Signature), Chris Tymanowski (Peter Lynn & Partners), Tom Howells, Rhodri O’Reilly, Luci Williams (Insight Law)