An established team of recruitment specialists, led by Directors Jonathan Doherty and Andrew Molloy and trading as Eligo Towers Ltd, has secured over £1 million in refinancing from Cambridge & Counties Bank. The loan has been set against a modern office asset in Wimbledon, south west London.
This latest deal from Cambridge & Counties Bank illustrates the bank’s commitment to delivering sophisticated lending solutions tailored to the individual needs of clients.
In this case, the offices are part owner occupied and part investment with a third-party tenant. The owner-occupied part consists of four separate businesses, one of which is based in Italy.
The property, located on the west side of Hartfield Road in Wimbledon, comprises two self-contained interconnected office suites within a newly constructed six-storey building. Adjacent to the main retailing area, Wimbledon station is c. 400 metres away.
The client was introduced to Cambridge & Counties Bank by Wasim Ahmed, Managing Director of Trade & Merchant Finance Brokerage Ltd, an established SME finance specialist and commercial finance brokerage.
Jonathan Doherty, Director at Eligo Towers Ltd said:
“The bespoke, hands-on support from both Cambridge & Counties Bank and Trade & Merchant Finance Brokerage Ltd has been outstanding, particularly the direct involvement of the regional manager in ensuring that any legal hold ups were resolved efficiently and sensibly.”
Wasim Ahmed, Managing Director at Trade & Merchant Finance Brokerage, said:
“Eligo is a long-standing client of ours and when they asked us to assist in securing a refinancing deal for Eligo Towers, it was an exciting opportunity despite the context of a challenging office market. The team at Cambridge & Counties Bank recognised the value of the people involved in this business, as well as the asset and commerciality of the deal which made it such a viable investment.”
Paul Howard, Regional Director at Cambridge & Counties Bank, said:
"Modern office assets in the capital continue to hold reliable, long-term value potential, making this an attractive lending opportunity for the bank. In particular, this deal showcased our approach – and strength – in delivering bespoke solutions for our clients in often complex scenarios, a lending model which remains fundamental to our market approach and growth.”