Recent deal completions for ASC Finance

It’s been a busy time across the ASC network. Here’s a selection of some of our recent deal completions to give you a flavour of the success we achieve for our clients.

On behalf of clients, we have secured:

Refinance

• £450,000 commercial mortgage for a Dorset holiday park following partnership dissolution.
• £340,000 via an agricultural mortgage for an equestrian business to redeem two expensive private loans.
• £245,000 to refinance a semi-commercial investment property out of an expensive bridge loan.£196,000 to allow two business owners to buy out another shareholder.

Development finance

• £1.75 million development exit finance, providing cash to commence next development pending property sales.
• £2.2 million of development finance to enable an existing ASC developer client to purchase and develop three luxury houses in Woking, Surrey. The loan represents 65% of the gross development value.

Business expansion finance

• £900,000 secured on four properties in Oxford.
• £400,000 for a specialist solicitor to purchase adjoining offices to facilitate business growth.
• £101,250 for a business owner to purchase the trading property from the business and add to his personal investment portfolio.
• £730,000 so our client could purchase the long leasehold where his business has been trading for several years. The deal includes an invoice factoring facility of £3m, providing our client with quick access to cash when required.

New business finance

• £334,800 – an original £139,000 drawdown followed by a £195,800 drawdown for a client to renovate a cottage in the Peak District into an 8-bed holiday let investment property.
• £110,000 to bridge a gap in the deposit so our clients could quickly purchase their operating premises and secure their business.
• £62,000 to fund a start-up pizza slice takeaway in central Winchester.

If your business needs finance and you’d like to join our roster of successful completions, please get in touch.