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Cambridge & Counties completes £8m portfolio refinancing

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  • 09/06/2020
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Cambridge & Counties completes £8m portfolio refinancing
A North West-based entrepreneur has secured £8.15m in funding from Cambridge & Counties Bank to refinance a portfolio of mixed-use properties and acquire new assets.

 

The client was introduced to the bank by Paul Goodman, owner of Goodman Corporate Finance, a Cambridge & Counties Bank panel broker and chair of the National Association of Commercial Finance Brokers (NACFB). 

The money will be used to refinance the portfolio of fully tenanted, mainly commercial properties in the North West.

It will also help the client release an additional £4m to expand their portfolio. 

Carl Ashley (pictured), regional director for the North and Scotland at Cambridge & Counties Bank, said: “In what is a challenging market, we are delighted to be supporting an established investor with a strong track record in the North West with a very competitive refinancing and fundraising facility. 

“We believe this again showcases the strengths of the bank, in particular our relationship-based market approach and deep understanding of the property sector.” 

 

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Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors. Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies. This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector. She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021. In her spare time, Shekina likes to read, travel, listen to music and socialise with friends. She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content. Follow her on Twitter at @ShekinaMS

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