Brightstar’s team of commercial finance experts were able to secure terms with a challenger bank, who have offered 60% LTV against a purchase price of £2m at a rate of 3.12% plus BBR.
This case study demonstrates how Brightstar can obtain terms with non-traditional commercial finance lenders and challenger banks, even for business that have been hardest hit by the recent pandemic. Your self-employed clients may appreciate a call to discuss their cash-flow requirements now that businesses are looking to return to normality.
Summary of case:
- Advance – £1.2m
- Rate – 3.12% + BBR
- Term – 5 years, interest only
- Commission paid to introducer – £9,600
SUBJECT TO STATUS.
PRODUCT AND CRITERIA AVAILABILITY SUBJECT TO CHANGE OR WITHDRAWAL AT ANY TIME.
FOR INTERMEDIARIES ONLY.