Motorcycle parts manufacturer

Our client, a successful company specialising in the manufacture and supply of sports motorcycle tuning parts had outgrown their previous premises having already extended to the maximum size available on that site.

They acquired a greenfield site on a nearby commercial park and used their clearing bank to fund the construction of a new factory/warehouse unit.  Upon completion the clearing bank were unable to offer terms for the long term mortgage to meet the requirements of the client, so the client approached us.

How did we help?

We negotiated terms with a commercial building society which provided a lower fixed rate and a longer term on an interest only basis.  This provided the customer with a much improved cash flow to assist in the settling in period following the move and significantly lowered overall cost.

- Scheme: 6.20% fixed for five years
- Loan amount: £570,000
- Term: 15 years