£215k Commercial Mortgage!


Smiling businesswoman shaking hands 

  • Client seeking loan of £215,000 to purchase the lease of an established country house hotel and wedding venue.
  • The purchase price was agreed at £275,000 with 18 years remaining on an original 30 year term lease.
  • The client had a stake of £60,000 to put in and was seeking the rest on a 15 year term loan.
  • The clients experience was strong as well as their asset background- having operated a successful bed and breakfast and also currently operates a number of businesses within the locality.
  • The client has always been very keen on expanding her event and wedding operation after the success she has seen with her current marquee business.
So how did Key secure the deal?
  • After contacting several lenders Key managed to secure the following deal;
  • Interest rate- 3.49% fixed for 3 years. (no early repayment fee or restriction on overpayments)
  • No lender arrangement fee. 
  • Loan amount– £215,000 with a repayment term of 15 years.
  • As the hotel was being offered for the lease only, the client pledged a personal guarantee backed by a second charge on her personal property and a first charge on a buy to let property that she owns also. The total coverage for the loan was a value of £283,000.  

The above deal shows the high expertise of all our managers here at Key Commercial Finance Solutions Ltd, we will always endeavour to find the best solution for our clients and continue to see this as one of our highest priorities. If yourself or your client would like any further information or assistance on the above, then please contact the team today.