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Commercial Mortgage for trading business - May 2019
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 +441908972491
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