Reward Funding has supported the latest growth phase of Knightsbridge House Estates with a £2.75m facility.
The funding enabled the established property investment company to acquire a prime manufacturing and warehouse facility in the north west.
Knightsbridge, a returning client with an impressive track record, identified the site as a significant opportunity, and Reward backed its judgement by providing funding against a tight deadline.
Situated in one of the region’s most successful business locations, the new facility is well positioned to attract a range of manufacturing and distribution companies. The initial strategy is to improve the premises for an incoming tenant.
Rob Lloyd, Managing Director of Knightsbridge, said: “We’ve worked with Reward in the past and we were keen to work with them again when this opportunity arose. Reward moved at pace to unlock a great opportunity, structuring a deal that assists with our growth strategy.
“Speed was the key here, which we know is not an issue for Reward, and they always take a wider view of the deal, the business and the people.”
Clive Briggs, Business Development Director for Reward Funding, added: “Knightsbridge is a fantastic example of an entrepreneurial client that we are proud to support once again. Rob demonstrates insightful knowledge of the property market and continues to unlock potential in underperforming assets, making him exactly the kind of business that we wish to back.”
Established in 2010, Reward Funding, which has offices in London, Leeds, Birmingham, Manchester and Dunfermline, was launched to fill the fast-growing void left by traditional funding, building an alternative solution from the ground up.
Backed by decades of banking experience, the Reward team combines seasoned expertise, hard data and sharp instinct with a rounded view of an entrepreneur or businesses opportunity and credentials.
Today, Reward provides high-performance, asset-secured funding to help ambitious entrepreneurs and businesses thrive.
To date, Reward has supported more than 2,000 property investors and businesses and provided over £1.45bn in funding across its three product areas: Property Finance, Business Finance and Asset Finance.
For more information visit the Reward Funding website.
