Introduced by Riana Azam, director at Independent Cashflow Solutions Ltd, and coordinated by Jamie Smith, BDM at StreamBank (pictured above), the loan was secured against a commercial asset in a central location, valued at over £1m.
The facility enabled the borrower to redeem an existing loan, which required full repayment due to lease conditions linked to the client’s high-street term facility.
Structured at 70% gross LTV, the loan provided the full net amount required for redemption.
This recent lending activity follows StreamBank appointing Lee Warne as senior BDM for London and the South East in March.
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Jamie commented: “In this case, the priority was to exit an existing facility without delay and allow time for a proper sales process in what is a strong local market.
“We’re pleased to support both the borrower and broker with a solution that works around the client’s wider financial position and commercial strategy.”
Riana added: “Working with StreamBank is refreshing due to the speed of execution and credit involvement.
“The whole team is accessible and available to discuss the structure and profile of the deal, explaining their commercial reasoning at every step of the transaction.
“A pleasure to deal with.”
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