12th August 2022: Black Book Finance has closed a £13.5m loan facility with bridging lender TAB for its client, The Marine & Property Group (‘TMPG’); one of the UK’s largest privately-owned marina groups.
TMPG’s existing loan facility was reaching term end and the client had a new, 24-month requirement to give the required time to execute their growth plans.
The related security within the wider group includes two Marinas with 625 berths/pontoons combined, 30,000 sqft of commercial offices, retail outlets, a boat workshop and a state-of-the-art boatshed. Read the full story.