Quick Commercial Mortgage Sourced for Expanding Retailer
Case Study Category: Commercial Finance
A retailer in the Greater Manchester had recently expressed interest in purchasing an additional outlet for her highly successful clothing store. However, as a self-employed business woman, Sue Tenant found herself unable to meet the borrowing requirements of a number of high street lenders and was at a complete loss as to where to go and how to acquire the necessary funds to finance her expansion.
The property itself was situated in a prime location in a busy city centre and represented the perfect opportunity for the growth and extension of an already blossoming business. Following the advice of a friend, Sue contacted the team at UK Property Finance and we set about finding a Commercial Mortgage which we were able to secure against the equity in her residential home and her existing retail outlet.
Thanks to our hard work and our ability to act quickly, Sue was able to make an offer on the new potential outlet for her retail business within a matter of days. An offer which was duly accepted on a busy shop which now provides her with a healthy additional stream of income. As with all of our Commercial Mortgage products, the finance we were able to provide was tailored to the unique circumstances of the borrower with a deal sourced from an exclusive panel of lenders which only we have access to.