Our commercial finance department is a key element of the largemortgageloans.com offering, and provides finance on a range of properties, from public houses and hotels to warehouses and development sites. As a specialist area, commercial lending requires experienced and qualified experts to guide clients through the process. Our team is accredited by the National Association of Commercial Finance Brokers and we were recently shortlisted as ‘Commercial Finance Broker of the Year’ by the NACFB.
Our property developer client approached our Head of Commercial Finance, Charles Ayton, to refinance a recently built and now fully let block of 14 flats in the South East. Looking for a loan of £1.2m, the clients had several years’ worth of experience in developing and had built up a good relationship with one lender, which they were looking to build upon.
Charles identified at a part amortising loan offered by the preferred lender as an ideal fit for our client. A part amortising loan is a part interest only and a part repayment loan and can be a great solution for both commercial and residential clients looking to reduce their loan size, whilst retaining affordable repayments. With a strong rent roll, the client’s project was a perfect fit for this loan and comfortably met the bank’s requirements.
Having built upon their relationship with the lender, the client expects to secure further funding from this source as they look to develop and invest in more residential properties and expand their portfolio in the South East.
Whether you’re an experienced or first-time property developer, if you are looking for funding to develop property, you need an expert team on your side. Get in touch with us to find out how we can help you to secure bespoke finance solutions, tailored to your specific requirements.