Client circumstances:
Our client, an experienced property investor was looking to expand their portfolio and sought to raise capital through a commercial remortgage. They needed to repay an existing business loan and fund the purchase of an additional investment property. The security for the remortgage consisted of three commercial units: a cafe, a shop, and a car wash. The client demonstrated a strong credit profile with a low overall portfolio indebtedness level.
MT Finance solution:
Having assessed the clients’ needs following due diligence and a thorough underwriting process, MT Finance provided a commercial remortgage facility of £947,920 at 64.93% LTV of the 180-day OMV of the property confirmed at £1,460,000.00. The loan was structured with a 10-year term on an interest-only repayment basis. This interest-only repayment plan provides flexibility for the client’s financial planning, with the exit strategy being the sale of the security properties.
The benefits:
Our understanding of the client situation and ability to move quickly enabled the client to successfully raise the necessary capital for their business loan repayment and portfolio expansion strategy. The flexible remortgage product, despite the commercial nature and specific property conditions provided a tailored financial solution that met the client’s specific needs as an experienced property investor.
Find out more:
Is your client in need of a commercial mortgage? We consider individual and corporate borrowers. Whether you’re looking to finance an acquisition, refinance existing debt, or unlock capital from commercial property, our commercial mortgages product range is designed to meet diverse financing needs.