Commercial Factory Purchase
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An existing First Point Group client wanted to purchase the factory where they operate their business from.
They required funding at 70% of the property value.
Challenges Faced
Amidst Covid, Commercial finance has been challenging and requires a particular expertise in understanding how businesses coped during Covid, and proof of turnaround in financial performance requiring detailed information.
With commercial Lenders being extremely busy since Covid, the market has faced extended approval time frames.
Outcome
We were able to source a Lender leveraging off a strong existing Broker & Client relationship to obtain competitive rates and fees, whilst matching the finance terms to our Client’s needs.
A delighted long term Client who now owns their factory, shoring up the future of the business.
