Our Borrower, a seasoned builder and property developer with vast experience in the UK property and investment sectors, required funding to support the purchase of a business park in Greater Manchester.
The site, a former cotton mill with internal floor space extending over 55,000sqft, had been converted to high quality serviced office space and was 90% let with a total of 13 x tenants at the time of loan completion.
Our Borrower required just a 6 month term, to enable them the time required to secure their long-term mortgage product.