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Relief Loans

Relief Loan · Case Study

Oliver Drummond

Type of loan

Relief Loan

Client

Oliver Drummond

Asset

Commercial property, Bristol city centre

Loan

£740,000

Background

Oliver's hospitality business had accumulated obligations across five lenders following a period of trading difficulty. Monthly servicing costs were unsustainable and two of the lenders had issued formal demands.

Solution

We structured a single facility secured against his commercial property, consolidating all five obligations and settling the formal demands. Monthly servicing was reduced by 60% and Oliver had room to stabilise his trading position.

Client comments

I went from firefighting to actually running my business again. They consolidated everything in a week and gave me the breathing space I needed.

Oliver Drummond, Business Owner, Bristol

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