Page 3 - Cambridge & Counties Bank_REF Newsletters_July edition

Deals we've done

We’ve been hard at work securing deals for new and existing customers alike.
Here’s a couple of examples of deals we’ve just completed.

Owner-occupier Hotel

refinance purchase

We were approached by a highly experienced When a highly experienced property investor wanted
supplier to major conferences and exhibitions. to buy a hotel that was close to his heart, we offered
They’d been badly impacted by the COVID pandemic, our help to allow him to purchase the property.
and lost the support of their existing bank. The Once the purchase was complete, he used his own
supplier had returned to profitability, and their 30 resources to rebuild the steps from the hotel to Main
years of experience and exemplary track record Street; these steps had been closed for 10 years, and
meant we were happy to support them with a their reopening was welcomed by the community
refinance package for their owner-occupied business. and hotel guests as they now had direct access to
Main Street from the hotel and vice-versa.

DEAL DEAL
DONE DONE
Loan amount Loan amount
£500k £1,657,500

Loan term LTV Loan term LTV
20 years 55% OF VP 5 years 60% of MV1

Another year of strong growth

and support for our customers

2022 was a year of progress for us. Thanks to the continued hard work and commitment of our staff and fantastic
relationships with our brokers and customers, we passed some significant milestones over the last year, including:

£28 million £1.055 billion Over £1.1 billion

of pre-tax profit in gross lending balances - in customer deposits balances -
up £62m from 2021 £77m up from 2021

We also increased our workforce by 13%, taking our total number of employees to 206. This reflects the strong demand for
our real estate and asset finance products, as well as the appeal of the bank as a business to work for.