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Today we look at Fusion Finance who specialise in sourcing business and property finance for
Fusion Finance specialises in sourcing business and property finance for small and medium-sized U.K. businesses.
Our client Mr Robinson had been running a successful York-based building company for ten years. Previously he obtained financial support from an equity-based investor who provided funds in return for an agreed profit share. When this funding ended, the client approached us to help find £1.4 million for his next project.
Mr and Mrs Gray had a portfolio of forty eight residential investment properties in London. The mortgages on the properties were through eleven different mortgage providers, and the portfolio geared up to an average 58 % LTV. The average yield across the portfolio stood at 7%.
Mr Shepherd approached us as he needed a commercial mortgage to purchase a warehouse he was renting. The freeholder was looking to retire and gave our client first option to buy. However, the deal required confirmation of funding and needed to complete within six weeks.
Property development finance is a type of short-term loan used for new builds, part-builds or property refurbishment schemes. For these types of projects a commercial mortgage is not an option since the properties are un-mortgageable. Therefore, property developers use development finance to give them the capital they require to complete these types of schemes.
Asset finance is a type of finance that gives businesses access to assets such as vehicles, equipment or technology, that they need to prosper and grow. It typically involves paying a regular fee to use the asset over an agreed period. The main advantage is that it avoids the business having to find the full cost of buying the equipment upfront and thus helps preserve working capital.