Urgent refinance of supermarket and residential apartments

Semi-commercial refinance

Loan Amount

£504k

structure

Senior

asset class

Semi-commercial

This long-term client of Sirius was seeking finance to save their semi-commercial property, one supermarket unit with 2 apartments above, from being repossessed and to recuperate costs spent on paying off a shareholder of the business. The client was under extreme pressure from their existing lender; they needed to refinance in a very short amount of time or, due to historic issues with payments during the global pandemic, the property was at risk of being repossessed. Sirius were able to secure the required finance of £504k at 70% LTV in just 24 days (from application to completion).

Advisor

Paul Debney Paul Debney Senior Associate, Commercial Finance contact details 0208 092 4412
07958 690 185
paul.debney@siriusfinance.co.uk
Paul came on board in 2018 to spearhead our dedicated commercial finance team, bringing with him a formidable 35 years of experience in the corporate banking industry. His extensive background includes 23 years at HSBC Bank involving the management of multiple branches, 5 years at Clydesdale Bank and 2 years working on special projects for Grant Thornton LLP. Since joining Sirius, Paul successfully pioneered the Sirius CBIL loans initiative during the difficult Covid-19 period, which was well-received by many grateful clients.

Paul specialises in assisting clients with Commercial Investment & Commercial owner occupier business, Short Term Finance, Development Finance, Unsecured Business Loans and Asset & Invoice Finance. Whilst being as accommodating and personable as they come, he is ruthless in his pursuit to secure a deal that fulfils his clients' requirements when he is acting on their behalf and as a result continues to receive unparalleled testimonials.

To discuss an opportunity with our team please get in touch.

TOP