Client Background
A South Wales business owner running a successful fleet monitoring company rented 23 acres of agricultural land from a financially distressed farmer, while paying heavy deferred payments of £6,500 per month.
Challenge
The client wanted to acquire the land, clear the deferred payments, and progress a planning application for a future commercial unit. Although the land was valued at £340,000, its agricultural-only use limited traditional funding options.
Solution
Cornerstone arranged a £150k bridging facility based on:
- The strength of the client’s profitable trading business
- The land’s value without planning consent
- Credit-backed terms delivered within 24 hours
Outcome & Additional Value
The solution immediately eliminated the £6,500 monthly vendor payments, as interest was retained for 12 months.
Cornerstone has also offered an uplift to the facility once planning is secured, supporting the client’s longer-term commercial development plans.
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