The borrower operates a chain of Turkish wholesalers and manages a property portfolio valued at approximately £36m.

The business serves European and Mediterranean communities across the UK, providing groceries and essential goods.

The funding was structured to refinance facilities secured against the client’s primary warehouse and offices, while also releasing capital to support essential equipment upgrades.

The primary security was a large multi-use warehouse occupied by several businesses within the client’s group, creating additional complexity.

A layered corporate structure, intricate financial arrangements and inter-company relationships meant the asset could prove difficult to repossess if required.

Further pressure was added by the tight timescale, as the client’s existing term loan with another lender was due to expire within weeks.

Together’s team conducted extensive due diligence, including detailed property and valuation assessments alongside comprehensive financial analysis of the business.

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Emma Goodyear, senior corporate underwriter at Together (pictured above), commented: “A deal of this scale and complexity clearly demonstrates Together and Crystal’s ability to deliver for brokers and their clients when it matters most.

“By working collaboratively with all parties and adopting a bespoke solution-led approach, our team and Crystal were able to overcome the challenges and deliver funding within a demanding timeframe, while effectively managing risk.

“Completed within the required timeframe alongside Crystal, the transaction delivered a strong outcome for the customer.”

David Parke, lending manager at Crystal, said: “The borrower needed funding quickly to support their growth and cost-saving strategy, so clear communication and close coordination across all stakeholders — including valuers, solicitors and the wider team — were essential in navigating a complex transaction and agreeing a well-structured finance package.

“The client’s longstanding banking relationship had shifted due to a change in appetite, leaving them seeking a lender that could support their evolving needs and future growth.”