The Challenge
PMD were recently approached by an existing customer, a family-owned business operating as both property investors, developers and hoteliers in Lancashire. Managed by a husband and wife team, the group’s portfolio is made up of a variety of businesses, including hotels, residential properties and self-storage units. They recently came to us faced with the expiry of their existing finance agreements, wanting to improve their overall cashflow, raise additional capital for refurbishments and reduce borrowing costs.
The Solution
Capitalising on our extensive expertise in property finance, we were able to introduce the client to a new regional market overseas bank specialising in real estate finance transactions. They were able to provide a single advance portfolio loan of £6.2m to consolidate three existing loan agreements, as well as increasing the term of the loan to lower the client’s monthly borrowing costs.
The Result
The financial restructure facilitated by PMD resulted in the customer being able to streamline their finances, reducing the complexity of multiple loans and lowering their monthly payments. Not only does this allow them to improve their cashflow but also unlocks additional capital for refurbishment opportunities and further investments in their properties. By securing the appropriate funding facility for the customer, we were able to turn a financial strain into an opportunity for expansion.
"It was a great pleasure to see our valued client return to PMD and entrust us with arranging this transaction. It was equally reassuring to see the lender place so much faith in the structuring advice we provided to the borrower. PMD continues to grow market share in the property finance and secured lending space. We believe that we can become the ‘Broker of Choice’ for Leisure and Hospitality operator, and our reputation is strengthened further by delivering on key deals of this kind."