ASC Success Story
ASC Finance – the experience to make it happen!
The three directors of the UK Division of an international PLC were naturally aware of the parent’s policy to only lease property.
Therefore when the company needed new premises, it seemed that one obvious solution was for these clients to purchase a property themselves as an investment, and then lease it to the parent at market rent. In this way the value of the property would immediately be enhanced by a lease to a PLC business.
High Street lending sources were unwilling to help, however, since their criteria required them to lend strictly against the purchase price rather than the real value of the asset as an investment. Luckily, the clients came to ASC Finance for Business. With over 40 years’ experience, ASC have arranged finance for all sorts of business people over the years, and hence knew which lenders to approach.
Having previously done a similar deal to acquire a property in the South West, Conrad Robins of ASC Cornwall was entirely confident with the clients’ proposal and was able to identify a lender that would take a sensible commercial view.
A loan was agreed for 90% of the initial purchase price on competitive terms, a winning result for both the clients and their parent company.
Once again the experience and market knowledge of an ASC Director achieved the required result, and despite the blinkered approach of the High Street Banks!!
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