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A commercial trading business (solicitors firm), were looking to purchase vacant premises to move into. Their current lease was due to expire and they realised the rent was likely to be higher than a monthly mortgage payment.
The business required 100% funding at £595k and were shopping around for the best available rate.
Brightstar were able to source a lender who offered the business the 100% funding they required at a rate of 4% above base rate. The lender were also able to offer the business an additional £10k overdraft to additional working capital.
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