Newly launched Property Portfolio Rescue (PPR), claims it can offer a lifeline to small businesses, buy-to-let landlords and developers who need to divest their property portfolio quickly to free up capital to keep their businesses afloat.
PPR claims that rather than become victims of the credit crunch, many small businesses and landlords could rescue their business by selling off all or part of their residential property portfolio, enabling them to increase cash flow and avoid insolvency.
"Many small businesses and landlords are facing huge difficulties in the current climate, and urgently need to increase their cash flow to avoid insolvency and its long lasting implications," explains Nick Hopkinson, director of the firm.
"Despite the latest Government bail out of the Banks announced this week, borrowing will remain severely restricted for some time, and those thousands of businesses already in trouble need an immediate solution.
He concludes: "We understand the problems facing small businesses and portfolio landlords, and are able to guide them in realising the cash value of their property assets quickly and discreetly. We have access to private funds and further lending, and will work with the property owners to negotiate a fast purchase of their portfolio, ideally before insolvency procedures begin."
PPR will work with an insolvency practitioner to help renegotiate the terms on any mortgages, enabling the business to sell the property and raise much-needed capital. The firm will also continue any tenancy agreements in place within purchased portfolios and will seek to let vacant properties on new Assured Tenancy Agreements.IFAonline
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