Structuring Complex Commercial Security Across Multiple Sites
The Client Background
A broker approached us with a complex commercial bridging requirement involving multiple security properties and the acquisition of a new commercial site.
The existing portfolio included a mix of assets that many lenders would consider specialist or less desirable security, including a petrol station, shipping container storage lockups, mobile home sites and a skip hire site.
In addition to the varied nature of the properties, the legal structure added further complexity, with multiple leases requiring review and variations before the transaction could proceed.
This was far from a straightforward bridge, and careful lender selection was critical from the outset.
The “Positive” Solution
Understanding the complexity of both the asset mix and legal position, we worked closely with the broker and lender throughout the process to structure the deal appropriately.
Through our strong relationship with Together, we successfully presented the application to secure funds across all four commercial sites, despite the non-standard nature of the security systems. The focus was on demonstrating the portfolio’s overall strength and the viability of the onward acquisition.
The Loan
Product: Commercial Bridging Loans
Lender: Together
Loan Amount: £1,475,848
Loan Purpose: Acquisition of New Commercial Site
Rates: 0.85% & 1.02%
LTV: 65%
Term: 12 Months
Packager Fee: £295
Commission Share: £14,758.48
Service: Positive Lending Advised
The case was fully advised by Positive Lending from initial enquiry through to completion.
The “Positive” Outcome
A total of £1,475,848 was successfully secured across two bridging facilities, enabling the client to complete the acquisition of the new commercial site and continued expansion of their business interests.
The complexity of the security structure and legal work meant the transaction took longer to complete than initially anticipated; however, it ultimately delivered the outcome the client required.
Why Choose Positive?
Complex commercial bridging cases require more than just lender access. Understanding how to structure multiple securities, navigate legal challenges and maintain momentum throughout the process is often what determines whether a deal completes successfully.
If you have a commercial bridge involving specialist assets, complex security or challenging legal structures, Positive Lending can help deliver the right solution.