Huddle’s management team has enduring relationships with its various UK SME clients. Their model is sufficiently flexible to accommodate the business of different borrowers but with rigorous application of the structuring processes, which enables them to create strong security for the Company.
Building Supply Company
Facility Highlights:
– Borrower is a family owned business with a 20 year trading history in the building supply sector.
– The borrower has the opportunity to purchase a bulk order of a particular building stock in a bulk volume but at discounted price.
Huddle’s Financing Advantages:
– Strong trading activities in the Borrower; established and family owned.
– Stock purchase is of an ‘every day’ building supply, so the customer demand is identified.
- Facility Type: Purchase Order Finance
- Facility Size: £75,000
- LTV: 12.5%
- Term: 12 months
Digital Printing Company
The client runs a print business and had a loan with another lender that had come to the end of its term. The incumbent lender was not willing to extend their term (standard policy for them) so rather than be under unnecessary pressure to sell their property in a rush, the client approached us to refinance their existing loan. As with most of our loans, speed was a huge selling point in this case, and the loan paid out within 10 days of being introduced to us. Whilst a property sale was the original proposed repayment route, the borrower ended up getting a long- term mortgage from a mainstream lender which was used to repay us, with the client deciding to retain the property rather than sell it.
- Facility Type: 2nd charge property bridge
- Facility Size: £178,000
- LTV: 52%
- Term: 3 months
Property Development Company
The client was purchasing a large development site with planning for circa 100 homes. As the purchase ran on for longer than expected excess fees were incurred which the client had insufficient funds to cover. We were approached days before the deal was due to complete and asked to provide a bridging loan to cover the shortfall. Working with the client and the main funder we were able to complete the legal process and provide the necessary funds in less than 2 weeks. The client ultimately repaid us using a new development finance loan once they had progressed the development enough to be able to refinance it.
- Facility Type: 2nd charge property bridge
- Facility Size: £400,000
- LTV: 70%
- Term: 6 months
Find Your Next Investment Opportunity
Huddle works to achieve fair returns for investors while also supplying support to UK businesses that have not been given the finance to grow.
By connecting the two, businesses are given the opportunity to thrive, and investors gain access to attractive returns on their savings.
- +44(0) 113 468 1408
- info@huddlecapital.com
- 10 Park Place, Leeds, LS1 2RU