The loan, which was for £7.7m at a gross LTV of 63%, was submitted by Shawbrook’s long-time Strategic Broker Partner, Simon Purdom of Commercial Financial Services and is one of the largest refinances of a commercial portfolio that the Bank has undertaken.
Simon Purdom, Principal of Commercial Financial Services comments:
“It was clear from reviewing the debt requirements that Shawbrook were best placed, within my lending panel, to provide the most appropriate outcome for the client. As a Strategic Broker Partner I know that they benefit from an expert, open-minded team who would relish the opportunity to provide funding for a significant commercial portfolio such as this. There were some very long days and many hurdles to overcome but we got the best possible end result – a happy client with a lending outcome that is well-suited to their individual requirements.”
Sales Director at Shawbrook Commercial Mortgages Emma Cox adds:
“In our six years of operating at Shawbrook Bank this is one of the most complex and definitely one of the largest commercial property deals we have managed to complete.
“It simply would not have been possible without the combined expertise and commitment of the broker Commercial Financial Services, Pure Law and of course, the Commercial Mortgages team themselves. This was a very large facility for a new to Bank customer but, taking into account their strong track record in this sector, we have once again demonstrated our appetite to lend and willingness to go the extra mile when it comes to more complex cases.”
