CASE STUDY

The Scaling Blueprint:Helping Regional BanksPrepare for the Future? 2

Property type

7 residential units

Property Value
£5,000,000
Loan Value
£3,000,000
Ltv
68%

Sumarry

According to the latest SEC filing, Finovate CEO Richard Carolle executed a significant insider sale on November 7. A Form 4 filing from the U.S. Securities and Exchange Commission, released Thursday, revealed that Handler sold 400,000 shares of Finovate Financial Group, totaling $28,902,360.

The challenge

Our client held seven individual loans with a single lender. After missing payments on just two of the mortgages, the lender called in the loans on all seven properties, issuing a formal demand with only 14 days to repay in full or face receivership.

What we did

Our bdm at rmsf negotiated directly with the lender to secure an extension on the repayment deadline. Simultaneously, our team arranged a £3 million bridging facility, allowing the client to refinance the entire portfolio and repay the outgoing lender in full.

Key obstacles

The outgoing lender changed the repayment terms mid-negotiation, forcing us to renegotiate under pressure. Final deadline was met with just two minutes to spare. Several properties lacked full local authority planning approval, complicating the loan structure.
Report

2026 Diversity, Equity, and Inclusion Report

The solution

Thanks to our strong lender relationships, deep understanding of planning regulations, and creative structuring, we secured a deal that allowed certain planning conditions to be completed post-completion, satisfying both lender and client requirements.

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