Breached covenants have been common in 2020 as borrowers and lenders manage reductions in revenues and asset values. Covenant waivers have been agreed for the months, or quarters, from March….
Read MoreIn January 2016 we successfully completed a land bridge within a three week window for one of our valued introducers.
The facility was for £4,000,000, secured by a residential development site in England. Our client was a house builder who was about to lose the site, along with the £2.5m profit that went with it.
Conduit’s Andy Lawson worked around-the-clock with the introducer to quickly pull together the due diligence pack and secure heads of terms that the borrower was keen to progress with.
The broker said, "Despite the complexity of the deal and very tight completion deadline, Conduit worked tirelessly to complete the facility for a very satisfied client." Conduit Finance Managing Director Jamie Davidson commented, “This is the type of deal we enjoy delivering for our introducers. We never circumvent introducers and welcome the opportunity to work with more of our partners in the future.“
Did we mention the broker received £32,000 for the introduction and was paid same day?
If you or your clients have a time pressured situation, then we are here to start early, finish late and work weekends to make it happen with our many sources of lending.
Jamie Davidson | Loans over £10m and restructuring | Jamie@ConduitFinance.com
Andy Lawson | Loans over £1m | Andy.Lawson@ConduitFinance.com
Edward Page | Loans under £1m | Edward@ConduitFinance.com
Sean Crombie | Business Development | Sean@ConduitFinance.com
Mark Reidy | Business Development | Mark@ConduitFinance.com
