We can assist in a number of ways:

• Commercial mortgage
• Bridging finance
• Second charge lending
• Development finance

  Commercial Mortgage

  Commercial mortgage lending can provide loan to value funding to a maximum of 80% of property values. In certain cases higher advances may be offered but additional security would need to be provided.

  Repayment terms in the main tend to be between 10 and 20 years.

  Pricing can be very fine for good quality lending covenants but can move out to between 3%-5% over base for those disadvantaged businesses who may need to access secondary funders.

  Bridging Finance
  
  Bridging finance by definitions is short term and unlikely to exceed 12 months.

  Financiers will as a guide keep within 75% loan to value (based on a 180 day sale valuation) after taking into account any advance they make and that of any other existing chargeholders.

  Security will be taken over the property asset and other security may be requested depending on the overall risks of the transaction.

  Second charge lending

  Effectively such lending amounts to a top up facility on another property lender. Such facilities tend to cut off at an overall 75% advance on the property.

  The approval of a prior chargeholder over the property will be required but that is rarely refused when the cashflow benefits for a business are understood.

  This form of lending is not considered long-term and exit routes will need to be understood prior to any advances.

  Development Finance

  Development finance can be secured for up to 100% of land and build costs where there is a clearly defined and realistic exit within typically 18 months.

  As a guide a 70% final loan to value would be sought on exit either through property disposals or through a refinance to an alternative financier.