Funding Completions

At First National Finance Ltd we are able to successfully arrange funding for a wide variety of development projects, often in cases where our client has been unable to secure financing elsewhere. Listed below are example of just some of the completions for 2010.

Our client required development funding on a farm house they already owned in Cumbria. The house was uninhabitable so the client had found it previously difficult to obtain any funding. We managed to arrange the funding the client requested in order for them to refurbish the property ready for sale.

A property development company approached First National Finance in order to obtain funding for the acquisition and development of a disused public house in Scotland. They had previously found the normal funding sources they used to fund their projects had no appetite for this type of development in the current economic climate. First National Finance sourced a funder who was prepared to fund both the acquisition and the development costs. The first draw-down was made promptly to ensure the site was secured by the client.

Our client required a term commercial mortgage to fund an expansion of their farm business to enable them to purchase additional livestock. The client had previously found it very difficult to obtain a term loan to fund the expansion. They had obtained offers of bridging funding but this only offered them a short term solution and monthly payments would have been hard to meet. First National Finance sourced a funder that was prepared to fund the expansion using a term loan instrument on a non status basis.

Our client approached First National Finance requiring funding to assist with the purchase of a disused public house in Burnley. The client had already put a deposit down on the property to secure the purchase. The client needed to complete the purchase very quickly to ensure he did not lose his deposit. First National Finance managed to arrange a suitable funding solution for the client giving them the required funds to complete in the specified time scale.

First National Finance has numerous ongoing completions ranging from loans of £50,000 up to £10’s millions +. Examples of these completions will be updated shortly.