Case study
£700,000 commercial mortgage secured for Midlands business
Craig Jones, Business Development Manager in the Midlands funding team, was approached by a growing technology business to support with a commercial mortgage. Having worked with the client in 2016 at the inception of the business, Craig was sought through LinkedIn to support the business once again due to their previous positive experiences.
The client’s bank was unable to provide the facility, and the team needed to move quickly as their rental agreement was coming to an end, with a need for larger premises.
With a background in commercial banking, Craig has a clear understanding of the industry’s appetite - and was able to mitigate with new lenders the rationale for the incumbent bank declining the commercial mortgage.
Craig quickly developed an in depth understanding of the current business model and figures, then liaised with a panel of funders on behalf of the client. Managing the full application process, Craig created a shortlist of funders within two days and progressed with the eventual funder to satisfy their criteria. As the business had already been declined, they needed a quick decision, and the preparation enabled a smooth transaction.
Another key in progressing the opportunity was regional knowledge - having worked in various Midlands towns, Craig had a good knowledge of the property market.
The client was successful in securing a £700,000 commercial mortgage in the timescales required and is now operating from their new property.
Feedback Form
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec ultricies consequat.
News and insights
Get in touch
with Leonard Curtis
Forward
with purpose
Leonard Curtis is a trading style of Reach Commercial Finance Limited, registered at Riverside House, Irwell Street, Manchester, M3 5EN. Company Register number is 09056450. Reach Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 753686. Reach Commercial Finance Limited is an authorised credit broker and not a lender. We work with a an unrestricted number of lenders to find a potentially suitable arrangement for your consideration. ICO registration ZA069234 and you can check via www.ico.org.uk. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. Privacy notice.
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.