Our support
The new property opened in 2011, thanks to fundraising by the Church’s supporters, and bridging finance. CLM chose us to refinance the existing bridging finance of £1.8m.
As well as our competitive pricing and terms, CLM liked our personal approach and high level of engagement. Plus, they appreciated our deep understanding of the charitable sector, and our enthusiasm for supporting it in the long-term – something the high street banks couldn’t quite compete with.
From the outset, the Church knew that over time it wanted to reduce the loan substantially. The agreed 25 year payment profile showed sustainability, giving both the Church and us confidence in its affordability. We are thrilled that they have worked to repay us earlier than planned, with the loan repaid in just over six years.