Press Releases
Christie Finance assists a business operator to purchase a second property
Independent mortgage broker, Christie Finance, has assisted Gurmit Sangha and his business partner, Hussan Lal, to purchase their second takeaway/restaurant business in Dudley.
Mr Sangha already owns Frydays on Old Park Road, which he has now re-financed in order to buy the new property, which is situated on Bloomfield Road in Tipton.
The building is believed to have originally been a public house, dating back to the 1930s, with a single-storey rear extension and is currently undergoing a comprehensive refurbishment programme. It comprises a ground floor retail area, with food preparation areas and living accommodation arranged over the first floor.
Mark Moody, from Christie Finance, commented; “After their original funding package with another lender fell through at the last minute, Mr Sangha and Mr Lal were referred to us. With an agreed completion date now looking increasingly difficult to meet, I was able to use my contacts to secure a finance agreement, which was actually an improvement over the previous offering and allowed the purchase to happen. I wish Mr Sangha and Mr Lal the best of luck and I’m sure that the business will be a great success.”
For further information please contact Mark Moody at Christie Finance on 0121 456 1222.
Our Ref: CFbir645
