HOW HAS THE CREDIT CRUNCH AFFECTED YOU?

 

Ray Tully
Director, Praxis Corporate Finance Limited

 
Praxis Corporate Finance Limited (PCF) can help with your funding difficulties across all asset classes.

Headed up by Ray Tully, a former Senior Corporate Manager with Royal Bank of Scotland with 20 years banking experience, PCF have successfully built a powerful network of lenders over the last 12 months.

Most of our clients will be facing difficulty getting credit and will usually target Banks with whom they have an existing relationship. In the current market the offers either fall short or are too expensive. Sometimes clients are faced with no offer at all and nowhere to go.

Where can PCF help?

Senior Debt
PCF have relationships with up to 20 banks across the UK and Europe. Once the transaction can be shaped to provide a bankable proposition with a clear ability to repay, PCF can arrange a competitive package.

Mezzanine Finance
Lower “loan to value” (LTV) ratios coupled with limited equity are driving the demand for Mezzanine. PCF have a relationship with specialist providers new to the market with a clean book and appetite to lend against a second charge.

Bridging Finance
Delays in securing senior debt funding and investment opportunities requiring a fast closing require Bridging Finance which can be offered quickly and efficiently. PCF again have a panel of providers who are new to the market. Some will use existing unencumbered assets to help a marginal transaction to close.

Development Finance
There are very few banks active in this sector and those who are in the market struggle to offer the quantum of debt required. With many banks still repairing their balance sheets from lending at the height of the market this area is providing the most appetite for new funders. PCF are well connected with new players in this sector usually structured as a Joint Venture. Minimum deal size in this category is £10m.

PCF, in the current environment can only take forward property finance applications which have the following key criteria;

  • Strong asset classes which are well located
     
  • Clear ability to repay and clear exit strategy
     
  • Clients must display a proven track record.

Ray Tully would be delighted to assist you with your Finance requirements.

FOR MORE INFORMATION CONTACT:

Ray Tully
Tel +44 (0) 1481 737641           ray.tully@praxisgroup.com
Mob 07781117767

Further details