Commercial, Featured, News
Client: A new client with a rapidly growing portfolio required finance for the development of a retirement village worth £30 million GDV. This client was introduced to Coreco Commercial Finance for advice in order to replace current short-term debts exceeding £1.5 million.
Requirement: £2.5 million was needed to replace an existing bridge & facilitate ongoing developments. This area of finance is an extremely niche lending type and a specialist lender with a good grasp within this area of finance was required to make this work. The scenario was somewhat complex, but with solid connections between the lender & Coreco Commercial the client was able to complete within 2 weeks of instructing legals. Coreco Commercial & West One can pride themselves in knowing they provided an exceptionally high level of service to the client.
Broker: Julian Ingall
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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