Case Studies
Below are a selection of recent case studies showing how Bedrock Business Finance have helped people finance their dreams.
Financing our guest house in Torquay
Bedrock made it possible for us to purchase a £300,000 guest house which had no financial accounts available with a deposit of only £45,000.
Bedrock Mortgage Solution
- Loan of £255,000
- Term 30 years
Summary
We were able to arrange a business mortgage at 85% of the purchase price. Even though there were no accounts for the business the mortgage was made available on a self certification of future income basis.Country pub in Beautiful Somerset
We needed £347K to purchase our pub, at a cost of £325K, and cover all the other associated costs. With no accounting information available for the business we thought we'd never get finance!
Bedrock Mortgage Solution
- Loan of £347,000
- Term of 30 years
- 3 years interest only
Summary
Despite the lack of financial accounts for the business Bedrock arranged a self certification business mortgage equivalent to 106% of purchase price, with the benefit of additional security over a domestic property. The cost of the loan was spread over a 30 year period with a 3 year interst only option.Secured Retail Unit in Devon against the odds!
When I contacted Bedrock my current retail unit was valued at £500,000 but I had £300,000 of outstanding liabilities, a pressing tax liability of £50,000 and had previously been in an Individual Voluntary Arrangement (IVA). At this point the bank was refusing me any further advance!
Bedrock Mortgage Solution
- £400,000 facility over 30 years to repay existing lender, inland revenue and provide additional working capital
Summary
Our Client secured funding that he initially thought would not be possible. The loan repayments on the new facility were actually less than those to his previous lender.Childrens Day Nursery, Dorset
Our client came to us wanting to purchase a new nursery at £375k with additional requirement for costs and working capital. They also wanted to refinance their existing debt of £1.75m.
Bedrock Mortgage Solution
- Total facility of £2.25m
- Interest rate of 1.25% over base
- 2 years interest only
Summary
Our client was able to expand their business with 100% funding of the new acquisition. In addition, the refinance package arranged resulted in interest rate savings of £28k per annum.buying our Country House Hotel in Hereford
We needed to raise £1.2Million with no deposit, the banks couldn't help us so we turned to Bedrock
Bedrock Mortgage Solution
- Loan facility of £1.2M
- Interest at 1% above bank base rate
- 25 year term
- Initial interest only period
- £5,000 cashback from the lender
Summary
100% funding was arranged with the benefit of the lender having additional security over the applicants existing care home. Bedrock negotiated a very competitive and preferential interest rate as well as arranging for a £5,000 cashback for the applicants.Adventure Park, Somerset
Excellent Service in completing our purchase against the odds!! Thank you Bedrock (Purchase price of £1.4m - client contribution only £100k)
Bedrock Mortgage Solution
- Commercial Loan of £1.2m with interest only for 2 years
- Vendors loan of £100k negotiated