Property secured & savings achieved of £380,000
Property secured through third party who worked with our client
-Property secured for clients of ours, working in the Hospitality Industry, approached our offices, noticeably distressed at the pressure they were experiencing regarding their debt situation
-They owed c£700,000 to a primary, local lending institution and security was held over their business premises and several other investment properties of great importance to them in terms of generating income
-Upon instruction, we engaged in immediate negotiations with the relevant lender.
-Within a relatively short time frame, we negotiated the consensual sale of all relevant properties to a third party who agreed to work with our Client for c£300,000
-We then settled the shortfall of c£400,000 with a minimal sum of £20,000 thus achieving savings of £380,000