Commercial Funding
Our Commercial Funding division embraces all types of businesses, many of which are itemised below. In the current market, funders are particularly interested in any project that is related to the health industry, i.e. care homes, doctors’ surgeries, dentists etc. Rates of 3%, including bank margin, are readily available with funding ratios reaching up to 100%.
However, if you cannot see your particular business shown in the list do not be put off, please telephone us or make contact by email as I am sure we will be able to help.
Current terms and rates are very much guided by the type of business but 25-year terms with a large proportion interest only are still available. Bank Fees and interest rates for traditional businesses, i.e. B&B, restaurants etc. are being underwritten at between 4 and 5%, including bank margin. 70% loan to value for owner occupied business is easily available at high street bank rates.
We consider ourselves to be at the cutting edge of commercial funding where customer service is paramount.
We will help you prepare the necessary information to present to the lender. Once we have identified suitable lenders and submitted your application, we will monitor your case throughout the entire process.
Examples of commercial property include:
- nursing/residential care homes
- professional practices
- hotels
- B&B
- restaurants
- shops
- factory units
- warehouses
- caravan sites
- moorings
- airports
- yacht marina.
- HMO's
