November 7th, 2014. Ben Lloyd
£5million in Four Deals for PCF!
Hitting the million pound mark is a dream for many companies, but Pure Commercial Finance is now aiming for bigger and better after securing four deals last week totalling just under £5million!
The Latest Big Deal
Pure Commercial Finance’s £2.9million deal with Alternative Bridging Corporation saw one of their clients refinance with a new lender, as their current term was due to come to an end soon. Pure Commercial Finance found the new lender after the existing one refused to renew the loan, which was secured against two London homes.
Thanks to help from Alternative Bridging Corporation, the loan was replaced (at a lower rate) and the property owner has now also obtained further funding to build an extension on one of the properties once planning permission is granted.
Pure Commercial Finance connected the two, and now the client can concentrate on achieving a good market price for their property and not have to worry about mounting interest penalties.
A big thank you must also go out to Christopher Agius of Capital Law, who helped ensure the deal was completed in the short time before the deadline.
Director of Pure Commercial Finance, Ben Lloyd, said:
“With complicated transactions that require everyone to pull in the same direction it’s absolutely imperative that the right funder is in place and the client has a strong legal team behind them with experience in complex time sensitive transactions, like Capital Law and Alternative Bridging Corporation.“
Chris Agius, solicitor at Capital Law also commented on the deal. He said:
“The transaction was not straightforward and the timescales were tight. Throughout the transaction the support received by both ourselves and our client was second to none. The personal service Pure Commercial Finance provided was very evident, as was the willingness for all at Pure to go the extra mile for their client.”
Obtaining Bridging Finance
If you are looking for a new approach to bridging finance and would love similar results, take a look atour bridging finance page and get in contact today on 02920 766 565. With quick decisions and good old-fashioned customer service we can help find the finance deal for you. Our job is to make you irresistible to lenders.
Article By Ben Lloyd
November 7th, 2014
Ben is the Director and Co-Founder of the Pure Group and Managing Director of Pure Property Finance.
Following a career in Barclays, where Ben was in the real estate finance team for 8 years, he decided that the market needed a more forward-thinking type of commercial brokerage so founded Pure Commercial Finance (now Pure Property Finance), the first company within the Pure Group.
Ben has extensive experience across the real estate sector and has participated in over £2bn of real estate transactions during the course of his career.
Ben oversees the general strategy at Pure Group and works with the senior leadership team to drive the Group forward. Ben is also on the Executive Committee of FIBA.See more articles by Ben