90% loan to purchase price completed
Trading Business Finance secured at 90% loan to purchase price
Press Release – Monday 25 October 2022
We were approached by a trading business renting a significant industrial unit, midway through their lease agreement. At the point of entering into that rental agreement, they had also agreed an option to purchase their premises at a fixed value within a set timeframe. The client exercised their option to purchase at what equated to a 30% discount against open market value at the point of triggering this option.
We were able to secure terms at 90% against the reduced purchase price, meaning the client only had to source a 10% deposit against the market expectation of 20% – 25%, allowing our client to benefit from their ability to secure their premises at the price set within the original option agreement. The terms were secured over 25 year commitment and repayment profile with no requirement for initial bridging finance.
Despite the wider market uncertainties and interest rate pressures, there remain very competitive terms available, especially for businesses looking to access finance across all trading sectors.