The client required the funds to refinance an existing facility which was reaching its term end.

The 24-month loan was secured against two marinas with 625 berths/pontoons combined, 30,000 sq ft of commercial offices, retail outlets, a boat workshop and a state-of-the-art boatshed. 

Michael Clapper, CEO at Black Book Finance (pictured above), said: “This was a large and complex specialist finance requirement that needed to be executed swiftly.

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“The TAB team took the time to fully understand every aspect, and was able to deliver to our client’s requirements within just six weeks from enquiry — a remarkable achievement, considering the extent of diligence required. 

“My client is delighted, and our thanks go to TAB for a superb effort in getting this facility understood, approved, and closed within the client’s timeframe.”

Duncan Kreeger, CEO at TAB, added: “When a proposition makes sense, we will always look to see if we can assist. 

“In this case, it was a complex asset, but with Michael’s knowledge and us meeting with TMPG to understand the borrowers’ requirements, the proposal put forward made perfect sense, and we were then able to gain full comfort around the client and multiple security assets.

“As always, the Black Book Finance team was pro-active and incredibly efficient, which ensured that this large and complex deal was able to move smoothly and swiftly.”

Chris Odling-Smee, co-founder and director of TMPG, commented: “We were fully aware our requirement was less than standard, but Michael and the team at Black Book Finance were pro-active and tenacious in securing this facility for us.

“We are delighted with the outcome and grateful for the superb efforts made on all sides.”