Commercial Mortgage for trading business - May 2019

Witten By: by Charleston Financial

We were approached by our customer to deliver a commercial mortgage package allowing them to purchase the property that they have been trading from for over 10 years, looking for 75% facility on an interest only basis.

 

Customer Requirements

 

 Product Type  Commercial Mortgage
 Property Type  Office Unit
 Completion  May 2019
 Loan to value  75%
 Purchase Price  £150,000
 Location  Warrington

 

Financial Package Delivered

 

 Charleston Advisor  Richard Clark
 Loan Manager  Karen Ford
 Lender  InterBay Commercial
 Loan  £112,500
 LTV  75%
 Interest Rate  6.34% 2 years fixed
 Repayment Type  Interest Only

 

To discuss a similar situation call one of our advisors on 01908597811

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