A food production business owned a large purpose built facility with cold store (over three storeys) in North London since 2005. In 2009, a new lease was signed for 10 years at £407,000 p.a. but, when their bank decided to exit the market, they needed to repay their loan.
Thanks to the flexibility of our Commercial Mortgage, we were able to tailor a custom solution with ease.
The loan was completed in just six weeks from the initial commitment. This was helped by the fact that they were such a strong and reliable tenant, operated from separated owner-occupied premises, and the two directors offere
|Loan to Value (LTV)||
Private sole trader
|Lender arrangement fee:||
|Application to offer||
1 working day
Commercial mortgage at 6.5% p.a over a 5 year interest only term.
|Monthly mortgage payments||
£17,134 per month