Every challenge presents an opportunity.
Our case study this week is not our typical borrower but a perfect example of the benefits of bridging finance and for us highlights the importance of approaching each case individually with a can-do problem-solving attitude.
The loan was for a £1.75M industrial investment deal within the Greater London area and the secured property will be used as a base for the construction of film sets. The property is well located and would be ideal for several uses.
There are few sectors which have been spared from the impact of Covid-19 however clearly the film and media industry have been amongst the hardest hit. However, our borrower has been involved in television and media for over 20 years and his experience has created a resilience to adapt and adjust quickly in the face of uncertainty. As a result, he realised there was an opportunity to invest in the property and adapt it to take full advantage of the latest developments in film technology.
Our loan refinanced the existing lender and provided the necessary funding for the investment. Our borrower is now in a great position not only to regain his position in the market but also to expand into new areas in the future – a truly inspiring example of how to pivot your business in uncertain times to generate growth.