Case Studies
Case Study One
Our customer had agreed to purchase the commercial unit he was renting for £250,000 for which he had a valuation of £350,000. Source Commercial Finance raised a commercial mortgage loan of 100% of the purchase price at 2.5% over bank base rate allowing the customer to complete the purchase and gain the benefit of the increased value of the property.
Case Study Two
Our customer wished to purchase an office building for £300,000 but required 90% of the purchase price. Source Commercial Finance raised a commercial mortgage loan for £270,000 at 2% over bank base rate and also arranged a short term VAT loan with the lender to complete the purchase.
Case Study Three
Our customer wanted to purchase the freehold for £85,000 of a retail unit covering the second floor of a building. Source Commercial Finance arranged commercial mortgage finance for 90% of the purchase price at 2% over bank base rate. Our customer is now looking to buy the freehold on the remaining floors of the building for further expansion of their business.
Case Study Four
A solicitor needed an inital £130,000 to become a partner in the company. Source Commercial Finance raised the money as an unsecured business practice loan at 1% over LIBOR to enable him to fulfil his objective.