With our extensive experience in raising investment property finance, we are able to offer clients exclusive products that are not available directly. Our granular approach means we will secure you the keenest funding solution for your circumstances
Semi-Commercial Term Debt
An existing developer client of ours, who we procured development finance for a semi-commercial scheme in South West London, asked us to arrange a long term commercial mortgage so as to repay the development lender.
The hurdle that needed to be overcome was that the client wanted 70% loan to value, so as to redeploy some capital, however the debt service cover ratio (affordability calculation) didn’t support this level of gearing based on published rates/pricing.
Facility provided: We secured a lower bespoke pricing from a Challenger Bank on a 5yr fixed rate, so that the affordability calculation was improved and could subsequently support the level of debt/gearing sought. Pricing offered at 4.55% per annum which was fixed for 5 years on an interest only basis and subject to a 2% lender facility fee.
Commercial Mortgages Explained
Want to learn more about commercial mortgages?
If you are new to commercial mortgage finance and want learn more about how to procure finance visit our 'Commercial Mortgages Explained' page. Areas covered include:
The different types of commercial mortgages
The costs involved with commercial mortgages
The documentation is required when applying for a commercial mortgage