Page 3 - Deals we've done - Wales Jun 2021

Residential Commercial investment

South Wales Valleys Caerphilly Cardiff
Good deals are A longstanding childcare home service provider in We helped with the purchase of a mixed-use A Grade II listed hotel in the capital city had rooms and

the South Wales Valleys came to us for assistance
investment property housing, four retail and one
facilities refurbished, allowing expansion to their
in refinancing six of their existing residential residential unit. Securing the finance meant a operations thanks to funding from the Bank. They were
built on quality properties. The funding provided the customer potential development opportunity on the land able to refinance the property to release equity from us
with a substantial amount of funds which they are
adjacent to the site.
after being refused by their existing High St funder who
hoping to use as contribution towards future Loan amount: £245k they’d been banking with for numerous years.
conversations. property purchases as well as some funds to Loan term: 25 years Loan amount: £3.6m
refurbish and enhance the properties.
Loan amount: £1.152m LTV: 52% MV Loan term: 25 years, 2 years interest only
LTV: 60% MV1 / 80% MV3
Loan term: 15 years
We talk, we listen and we really get to know Porthcawl
what makes your customers business unique, so LTV: 73% VP, reducing to 70% within 12 months Swansea
that we can create solutions that work for them. A customer wanted to refinance their mixed-use
Cardiff office and retail block with two existing clients. A customer was able to purchase a large office block
Once a deal has been established, the Our finance allowed them to repay their existing through shared acquisition of a company. The
conversations continue. Your customers can An experienced property investor required development loan which was due to expire as well as property was let to multiple tenants on short-term
expect outstanding personal service throughout funding to refinance a block of eight flats repay other investors within the business. leases and licenses however we were happy to review
the lifetime of their loan and beyond. following the purchase and refurbishment of the the individual’s circumstances and provide funding to
flats. The flats were refurbished to a high quality Loan amount: £750k suit their needs.
To get an idea of how we could help your and were all tenanted on existing leases. Loan term: 20 years Loan amount: £1.425m
customers, take a look at some of the deals Loan amount: £171k LTV: 65% MV
we’ve shaped through our broker partners, Loan term: 30 years Loan term: 15 years
and given the green light to. Merthyr LTV: 60% MV
LTV: 70% MV
We released funds for a customer on two mixed-use Port Talbot
Swansea properties, both used primarily as residential units. The
funds have allowed our customer to focus on a new We helped a customer purchase a large-scale gym
A portfolio of four residential properties, all used residential development project that will then also be building on an investment basis. The customer who
to provide care services were refinanced by the refinanced by the Bank on completion. has experience in the sector purchased the gym
Bank on an owner-occupied basis. The customer Loan amount: £690k with other units attached making for an investment
“...Thank you for your assistance on the wanted a long-term commitment from their we were happy to work on them with.
funding provider to remove the additional Loan term: 20 years, 12 months interest only
recent deals that we have completed administration and fees of their existing funder LTV: 65% VP Loan amount: £375k
together and also those that are ongoing. who only provided a term of 3-5 years. Loan term: 15 years
My clients really appreciate the flexibility Loan amount: £900k North Wales LTV: 55% MV
and creativity that the team apply to Loan term: 25 years An existing customer returned to the Bank for the South Wales
LTV: 65% MV purchase of their second care home in the North
get deals through, and this is reflected Wales region. We structured funding that worked for Our customer had multiple care homes in a variety
throughout the Bank. Always looking to find them from our knowledge of the existing relationship of locations across the south of Wales. We were
with the Bank. able to refinance these care homes for them, which
the positive unlike some other funders who
Loan amount: £260k supported their business strategy, including an
appear to look for obstacles. Please pass on MBO, with the funding incorporating debt
Loan term: 25 years
my thanks to your entire team.” LTV: 70% MV forgiveness from their existing funder.
Loan amount: £5m
Simon Harrison, Loan term: 15 years
Flexible Commercial Funding LTV: 35% MV1 / 73% MV3