As you are aware we are a specialist firm of independent commercial finance advisors and brokers. The combination of our expertise and whole of market access enables us to successfully obtain some amazing deals. The deal set below exceeded even our own expectations.
The Client: Small limited company with T/O of £260,000 per annum. In the building trade seeking their 2nd semi-commercial property. The property is partly for their own use, and partly for investment purposes. The company has been established for 6 years and makes modest profits which together with the rental income was sufficient to comfortably service the loan; LTV 60%
The Loan: £145,000 over 20 years, capital and interest repayments.
The Rate: 2.44% over Bank of England base rate- an all in rate of just 2.94%
The Fee: Lender arrangement fee 0.75%
You may see the above terms on much higher levels of lending, for larger more established companies and commercial mortgages. However the combination of small loan, small business and investment element means that this is an excellent package that won’t be beaten elsewhere. This deal was obtained from a new specialist commercial lender which for the immediate future, has only limited access through a few brokers across the UK. Key are one of those firms.
If yourself or your client are looking for the above then please contact the Key Commercial Finance Solutions Ltd today.