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BESPOKE ISLE OF WIGHT FINANCE

by Julian Ingall on 21st February 2020

Coasta Path

Client:  An existing portfolio client with a wealth of development experience looking to breathe life into the Isle of Wight’s heritage coastal town of Cowes.

Requirement:  Our client required a creative solution in order to complete the development of 4 plots of land located within a Grade II listed estate. With intentions to build & sell several luxurious properties; Coreco Commercial needed to act promptly for our client to complete phase one to schedule.

Facility: A bespoke facility was negotiated which allowed our client to repay existing secured short-term finance & replenished funds. We were able to secure a multi-million-pound short-term bridge & 2 development loans with a respectable interest rates in order to proceed with the Isle of Wight project.

Broker: Julian Ingall

JULIAN

Written by Julian Ingall

Director of Coreco Commercial

Julian is one of the mortgage industry’s true legends, following his passion through thick and thin to run our highly successful Specialist Finance division. Having always had an interest in property and initially part qualifying as an Architect, Julian decided to join the Financial Services industry in 1989, cutting his teeth at John Charcol in the early 1990’s. After opening their Guildford Office, Julian left to spend time assisting High Net Worth individuals with tax efficient investment schemes. In 2000 he jointly founded the boutique Mortgage Brokerage Cobalt Capital. As the managing partner of Cobalt Capital and at the centre of its growth, the company expanded to a peak of 90 staff and developed into one of the leading mortgage brokerages in London. With more than a growing interest in the specialist and commercial sectors of the mortgage market and a determination to obtain finance on the seemingly impossible, Julian decided to follow his passion and invest into Coreco, becoming a Director in 2010. His aim is to drive this business forward to become one of the strongest specialist finance teams in the industry, focusing on large residential loans for development/investment purposes and large property portfolios. Julian is also a proud member of the FIBA Executive Committee.

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