5/13/2016 | Retail Mortgages

Christie Finance key to securing Stranraer convenience store

Christie Finance, the specialist commercial mortgage broker, has recently assisted Mr Misbah Sharif in his purchase of the popular Keystore Convenience Store in Stranraer, Scotland.

Our client, an experienced retail operator, was keen to purchase a convenience store after successfully running the Darvel Post Office for over eight years and was eager to find a new business opportunity, but needed to find funding to make this a reality.

Keystore is vital business for the local community and has been growing steadily in the last seven years under the previous owner’s management. Upon seeing the business our client could see the potential to develop this profitable store even further.

Adrian Foster, Associate Director at Christie Finance, was able to source the right funding to help Misbah purchase the business. Using his expertise and lender contacts, Adrian helped structure the deal to attract interest from the most competitive sources of finance and obtained a 60% Loan To Value facility.

Commenting on the deal, Adrian said “It was great to help Misbah obtain funding for this business, as a returning client to Christie Finance, we are always keen to hear about and support business in raising finance, be it either to purchase a new business or to refinance.”