The loan is one of largest made by the bank in 2020 and underscores the strength of its product and service proposition and continued focus on supporting real estate investors and asset owners at a time of market uncertainty.
The client was introduced to the bank by Paul Goodman, Owner of Goodman Corporate Finance, a Cambridge & Counties Bank panel broker and Chair of the National Association of Commercial Finance Brokers (NACFB).
The funds will be used to refinance a portfolio of established and fully tenanted, mainly commercial properties located primarily in the North West and release an additional c. £4 million for further selected purchases.
Carl Ashley, Regional Director North & Scotland at Cambridge & Counties Bank, said:
“In what is a challenging market, we are delighted to be supporting an established investor with a strong track record in the North West with a very competitive refinancing and fund-raising facility.
We believe this again showcases the strengths of the bank, in particular our relationship-based market approach and deep understanding of the property sector.”
Paul Goodman, Owner, Goodman Corporate Finance, said:
“Cambridge & Counties Bank offers a dedicated proposition for its clients and broker partners. It has very much sought to remain fully engaged across 2020, a testament to its professionalism and competitive ambitions.”
Cambridge & Counties Bank Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under firm registration number 579415. Our authorisation can be checked at the Financial Services Register at www.fca.org.uk.
Cambridge & Counties Bank Ltd Registered Office: Charnwood Court, 5b New Walk, Leicester England, LE1 6TE. Registered in England and Wales No. 07972522.
VAT Registration Number GB 208354420.
© Cambridge & Counties Bank Limited