Marketplace lender Assetz Capital has provided a £350,000 refinance loan to The Crown Tavern pub in Lanark to fund a refurbishment and third floor residential conversion. Following the decision by an existing lender to withdraw from the sector, Assetz Capital helped The Crown Tavern with the refinancing package, freeing up additional capital to undergo a […]
Specialist SME lender Shawbrook Bank has delivered a £17.5m working capital solution to Stone Group, the leading provider of IT solutions to the public and private sector, to expand its offering within the private sector and the gaming equipment markets. Stone Group has over 25 years’ experience in supplying digital transformation services, including technology hardware, […]
Create Homes (Land & Property) Ltd, in partnership with marketplace lender Asstez Capital, has secured a £4.1m development loan to fund the acquisition and construction of a new residential site in Pilling, Lancashire. The housebuilder is part of the residential arm of the Create Construction Group. The North-West based commercial and residential developer was founded […]
Oakman Inns & Restaurants Limited, which owns and runs 24 pubs, restaurants and hotels in the South-East and Midlands, has refinanced the debt on two of its properties. These are: The White Hart in Ampthill, Bedfordshire; and The Royal Forester in Ascot, Berkshire. The White Hart is a historic Grade II listed building, which features […]
Pluto Finance has completed its fourth development loan to repeat borrower Stonegate Homes. The £8.7m stretched senior development loan will fund a new 49 unit residential scheme in Gerrards Cross for Stonegate Homes, a leading developer active throughout Greater London and South East England. This follows another £21.0m Stretched Senior Development Loan to the borrower […]
Aspen Bridging has finalised one of its largest deals to date having completed a £3.4m, 73% loan-to-value bridge on five newbuild flats in Central London. The client, a Chinese national and an experienced property investor, faced losing over £1m in deposits having secured the apartments in 2017 only for the contracts to expire with another […]
Specialist asset-based lender, Ultimate Finance, broke its own annual lending record by providing funds of more than £1.6bn to SMEs across the UK last year. The newly released figures show that Ultimate Finance finished the year with a record high loan book of £265m. Further growth in the size of the company’s client base means […]
Domain Therapeutics, a biopharmaceutical company specialised in the discovery and development of new drug candidates targeting G Protein-Coupled Receptors (GPCR) in neurology, oncology and rare diseases, announces it has closed a €6m ($6.7m) debt financing to expand its proprietary drug portfolio and prepare the next round of financing. After raising €3.5m ($3.9m) in 2019 from […]
Arbuthnot Commercial Asset Based Lending (Arbuthnot Commercial ABL) has structured a £3.5m receivables finance facility to support the management buy in (MBI) of Lochace Ltd, trading as Bomfords Group, a well-established Norfolk-headquartered national road haulage and logistics company. Founded in 1980 with just two tractor units and four open flat trailers, the company has quickly […]
Cloud-based, interactive monitoring system, GrandCare Systems Limited (GrandCare) based at Airport City in Manchester, has received a £550,000 investment from NPIF – Maven Equity Finance, managed by Maven and part of the Northern Powerhouse Investment Fund. GrandCare supports specialist adult and elderly care in either a commercial supported living or residential home that enables vulnerable […]
