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by Julian Ingall on 19th February 2021

Motor Bike


Despite the challenges faced nationwide by the pandemic, it’s great to see specialist property finance lenders working hard to ensure funding for the commercial property sector is still available.

Recently we were approached by a client who we had previously assisted with the purchase of a motorbike showroom using a bridging loan, but now needed to refinance on to a longer term loan.


Originally purchased under value, the motorbike shop was purchase with bridging finance; a short-term solution to fast capital. Similar to this case study, bridging finance is often used to purchase a property before the debt is refinanced onto a longer term. Our experienced adviser Guy Nyirenda was looking to find a suitable, affordable refinance solution for his client.

However, complexities with this case came when sourcing a lender. Guy needed to find a lender who would feel comfortable with the initial under value purchase of the property, and lend against the market value. In addition, sourcing commercial investment during the current COVID pandemic has not been easy due to uncertainty of the commercial market.


Guy and the rest of the team at Coreco Commercial are experienced specialist property finance experts. Using their extensive relationships with specialist lenders in the market, Guy was able to secure a funding facility with Allica who agreed to finance the clients commercial investment, and were able to do so on standard terms.


Interested to see how else we’ve been helping our clients refinance their bridging loan? See how we helped a client refinance their commercial property that was tenanted by a complex charity client. If you are interested in speaking to our team about the commercial finance options available, get in touch via our online contact form or call 020 7220 5100.


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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