The Developer acquired this real gem in the heart of the West Midlands. It comprises 88,325 square feet of office space in 5 storeys spread over 3.4 acres with 336 car parking spaces. The Developer is a repeat client and we advanced over £1m in the first tranche. We took a first charge over the freehold and directors’ guarantees.
The Developer bought this 2-storey office building called Kian Court in Eynsham and obtained planning consent to convert into 16 one and two-bedroom flats. We advanced £1,450,000 against a purchase price of £2,850,000. The Developer has many projects to his credit and we had a high level of comfort with them. We lent to the SPV with a first charge over the building along with Directors’ Guarantees. The project is now complete with the flats being successfully marketed by a local agency. The office block was situated in a somewhat industrial area but within easy walking distance of the village centre and local amenities. The site offers country walks along the River Thames. Contact us To maintain client confidentiality, we have provided a generic outline only.
The Developer was introduced by one of our long standing Brokers. The client had acquired a large office block with plans to convert to 61 flats. We provided £1m to enable the conversion works to take place. The client provided the 1st charge on the freehold. Cash was released within 4 weeks of the request by our client who is an experienced construction company with several ongoing projects at any one time. Contact us To maintain client confidentiality, we have provided a generic outline only.
Our client was a long established and successful wholesale cash and carry. They had built a brand new outlet but at a cost and time overrun. The bank facility was fully utilised. The client still required funds to purchase stock and so consulted Vector. Apart from the trading history the client had considerable equity in the new building and so Vector were able to provide £450K business finance to enable them to stock up and start trading. To maintain client confidentiality, we have provided a generic outline only.
The client was a mid-size motor parts group going through a period of rapid expansion. They were in the process of arranging invoice factoring finance from one of the big four UK banks. The process was excruciatingly slow. In the interim, they needed urgent cash flow support of £300K till their facility was in place. Vector transacted via the client's advisors to get the necessary information security in place so as to release funds within 3 weeks. In the end, the bank facility took 4 months to establish. However, they were able to maintain their business expansion in the desired trajectory with Vector's injection and support. To maintain client confidentiality, we have provided a generic outline only.
An office block conversion to 31 flats financed by Vector in Bedford. To maintain client confidentiality we have provided a generic outline only.