You are here: Commercial Mortgages > Factory and Offices

Factory and Offices

Updated: 19th January 2007 (PM)

For: Our client was undertaking a Management Buy Out of an established £2 million turnover manufacturing business.
Location: Portsmouth
Amount: £420,000

As part of the funding package, we arranged a stand-alone mortgage on the business' freehold factory premises.

This was ideal for the client as an Invoice Discounting facility was being provided by another funder, secured on the book debts with a Sale and Leaseback facility on the Plant & Machinery arranged with a third specialist funder.

The client had a range of funders, as opposed to having all his eggs in one basket.
The mortgage was arranged over a 15-year term, at bank base plus margin 2%.