Together and Crystal provide £13 million loan to Turkish wholesaler chain

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Property lender Together, working in partnership with specialist broker Crystal, has successfully completed a £13 million commercial term loan for a client, underlining its capability to deliver substantial and complex funding solutions.

The client operates a long‑established chain of Turkish wholesalers and manages a sizeable property portfolio valued at approximately £36 million.

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 – enhancing operational efficiency and supporting the growth of the business.

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 intercompany relationships meant the asset could prove difficult to repossess if required. Further pressure was added by tight timescales, 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.

Emma Goodyear, senior corporate underwriter at Together, said:

“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.

Cases like this are a key part of what we offer at Together. We have recently launched our new Premier for Intermediaries proposition, led by director Dan Narwal, which provides a specialist concierge service designed to support brokers managing larger and more complex cases.

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

Together remains committed to working closely with specialist brokers and their clients to find the right funding solutions, even for the most complex and time‑critical cases.”

David Parke, lending manager at Crystal said:

“Finding solutions is what we love at Crystal. 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 long‑standing banking relationship had shifted due to a change in appetite, leaving them seeking a lender who could support their evolving needs and future growth. After carrying out market due diligence, it became clear that Together was the right long‑term funding partner.”

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