Funding to refinance industrial units and self-storage containers
We received an refinance enquiry from a business person who owns a small industrial estate in Northamptonshire, compromising of a combination of industrial units and self-storage containers.
They wanted funding, to refinance away from an existing lender, having come to the end of their term with the loan during the lockdown.
The client also wanted to raise additional funds to increase the number of units and self-storage, in turn increasing their revenue.
Despite the lockdown and inability to arrange property inspections, the Genie Lending Case Manager was able to discuss with lenders and obtain a competitive long-term mortgage for the client.
Moving away from the norm, we were able to get a fully credit backed mortgage offer without the valuation having taken place, enabling solicitors to start their process and giving the existing lender comfort that they were going to be repaid on time.
Once the lockdown eased and Registered Institute of Chartered Surveyors (RICS) valuers, were able to go out, a formal valuation was arranged.
Once the valuation was back, the lender was able to ensure a speedy completion so that our client was able to continue trading seamlessly.
If your business has found funding difficult to obtain you can trust Genie Lending to go to every extent to provide the correct finance quickly, for the result you want. As well as the household names in the industry we have access to proven lending sources who you will not find on the high street. Our aim is to help UK SME’s obtain funding for all their business requirements, whether that be growth, acquiring premises, paying HMRC liabilities or simply working capital. Genie Lending can assist with complete finance solutions.
