Raising Capital Against Industrial Unit

Witten By: by Charleston Financial

Commercial Refinance - Capital Raising Post Covid

Our client owned a large unencumbered commercial industrial premises occupied by an associated family business.

The property was valued at £1,600,000 and the clients were looking to capital raise to repay director loans of £800,000.

Neither of the directors were homeowners and accompanied by the trading business type and the industrial nature of the property meant the clients were struggling to find a lender to accommodate them despite the strong trading business accounts, the high street banks not showing any interest in the current environment

Charleston presented a case to one of our commercial lenders as an Op-Co Prop-Co basis and who are keen to lend on industrial buildings.

We were quickly able to gain agreement to lend the full £800,000 on a variable rate at 4.8%. 

 

 Product Type

Commercial Mortgage

 Property Type

Industrial Unit

 Completion

July 2021

 Loan to value

50%

 Property Value

£1,600,000

 Location

Sussex

 

Financial Package Delivered

 

 Charleston Advisor

Andrew Blackwell

 Loan Manager

Karen Ford

 Lender

Allica Bank

 Loan

£800,000

 LTV

50% LTV

 Interest Rate

4.80% Variable

 Repayment Type

Capital Repayment

 

To discuss a similar situation call one of our advisors on 1908972491

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