£1m Mortgage and Refinance facility secured for RHA member

The Challenge

An aggregate business was renting their existing premises but found they were quickly running out of space. The opportunity had arisen to purchase a local transport site that had recently ceased trading and was ready for moving into straight away with all the required amenities, office, warehouse parking etc. However, the customer didn’t have a deposit readily available as the site was above their planned budget.


The Solution

Through our partnership with the Road Haulage Association, we were approached by a member looking for support to secure the required capital that would allow them to purchase the additional transport site. After reviewing their needs, PMD identified that by refinancing the existing vehicle fleet, we could raise the required monies for the deposit. We were able to arrange funding on 95% of the purchase price via a long-term commercial mortgage secured against the target property at 75% LTV and an asset refinance facility of £330k.

The Result

The facilities secured by PMD meant that the customer was able to complete the purchase with a minimum deposit contribution way below the market norms. They were then able to move into a larger, more modern premises, unlocking growth potential and allowing them to operate more efficiently with additional space.

Our innovative funding structure brought together a team of specialists across a range of products, supplying the customer with a bespoke solution and market leading pricing. By taking the time to understand the needs and preferences of the business, PMD were able identify a long-term relationship partner, providing them with on-going support and not just a one-off debt facility.

"PMD has strong ties with the RHA & is proud to support many of its members with their business finance requirements. The customer is a traditional family business that have been established for more than 20 years. Helen Carr & I were delighted to support the second generation management team as they embark upon their next phase of growth by moving to a new trading premises. Our sector expertise and whole of market access made sure that we could deliver in line with the client’s expectations, providing a multi product solution across asset finance & commercial mortgages."