Case Studies
Commercial Site Bridging Loan
A bridge of £4,000,000 with interest covered monthly secured against a town centre commercial site with outline planning for residential development .No automatic renewal fees, interest only charged per day not a month in advance.
Commercial Purchase Term Loan
A loan of £2,700,000 secured against 4 owner-occupied industrial units to facilitate the purchase of a new unit for the business to expand.
Service Accomodation Term Loan
Term loan £5,750,000 secured against serviced accommodation with retail to ground floor. Strong competition for this deal but essentially advanced a higher LTV than high street banks whilst at competitive interest rate.
Owner Occupier Indusrial Site Term Loan
Owner occupied industrial unit where we advanced £1,000,000 enabling the founder to move the company property into a long term property holding entity.
Commercial Purchase Term Loan
Term loan of £480,000 at 60% LTV secured against owner-occupied industrial property. Our loan facility allowed the purchase of the site, full refurbishment and the repayment of a wider investment property mortgage.
Mixed Portfolio Term Loan
A loan of £670,000 to refinance an existing lender and provide a capital raise for refurbishment of one of the properties. The portfolio comprised a mix of retail and residential properties with 3 of the security properties being restaurants occupied by a related business.
Residential London Term Loan
£1,050,000 loan secured against 4 residential apartments in London. Interest only initially and bespoke agreement to repay lump sums from sales in due course with no penalty.
Industrial Property Bridging Loan
An existing client require a bridging loan of £400,000 against owner-occupied industrial property and a residential development site, interest rolled up for the term.
Capital Raise Term Loan
Initial advance of £325,000 towards conversion of former nursing home into 6 luxury apartments. Further tranches advanced against build progress then refinanced onto £1,500,000 term loan upon completion, interest only initially, enabling some capital repatriation.
Owner Occupier Term Loan
£1,200,000 term loan to enable refurbishment of existing industrial units & completion of new unit for expansion. Waived requirement to monitor tranche drawdowns and advanced at investment loan rate as sufficient security available at outset to justify.
Re-Finance Term Loan
£525,000 loan secured against owner occupied office plus adjacent land and disused pub. Our interest only loan enabled owner to evolve plans for the land and ultimately sell the pub for alternative business.
Testimonials
Harrison Developments Malton LLP
"HS Credit took over our funding requirements in Summer 2022, we were previously with an excellent short-term funder and HS Credit were a logical choice as long-term relationship.
"The whole team at HS Credit have been fantastic and has a feel of the old ways of banking, as you can speak to whoever you need in the team when required.
"The swap from one funder to another was made very easy which was helped along by a good legal team on both sides.
"We hope to be doing business with HS Credit for the foreseeable future."
Damian McGann Funding friends.
"We have completed several transactions across the last 12 months with the HS Credit team. We and our clients have found them to be knowledgeable and pragmatic on commercial decisions, afforded by their refreshing risk-based approach to lending."
Paul Gorman
"It is great to work with the team at HS Credit, in particular, as an introducer it is good to be able to speak with someone who is very experienced, so they don’t waste my time telling me that they can do the deal only to find out when it reaches their underwriters that it cant. The drawdown process is also very efficient which is again down to them having an experienced team who work closely with their legal team, myself and the borrower to ensure a prompt completion."
Dynamic Capital
"We have been working with HS Credit for the last two years, initially with the development of a Tesco Express at Killinghall (Nr Harrogate) and latterly with our Rodley development to fund a new swing bridge / S278 road layout, designed to meet the statutory requirements of the Highways Agency.
"Both projects have seen difficulties emerge that could not necessarily be envisaged at the outset. HS Credit as a funding partner, show both flexibility and understanding throughout the development, working with you to a successful conclusion.
"They have a full understanding of property development/management and have stood alongside us throughout both of our developments. Such a different approach to tick box lenders who have little or no understanding of property transactions."
McCauls
"Efficient people to deal with from the outset and very understanding of our requirements with a great market knowledge, providing us quickly with a deal that was commercially competitive."
Kuldeep Marwaha CEO Marsons Developments Ltd
"I have enjoyed working with HS Credit on three developments now. My brother and I met John Harrison on the first site in Smethwick in 2021. He understood that what was important to us was working with a flexible lender who understood the challenges of the development sector and could structure a deal that worked for us. HS Credit have supported us throughout, and John & the Team are always receptive to whatever we throw at them."