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Commercial Mortgages
Termed Products ideal for purchasing or refinancing residential or commercial property for investment purposes
What is a Commercial Mortgage?
A Commercial Mortgage is a termed product used to assist with the purchase or refinance of Commercial, Semi-Commercial or Residential properties. It can be used for either investment or owner-occupier purposes (commercial property only). Common types of security properties include:
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Offices, warehouses and industrial premises
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Residential properties for investment purposes
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Farms, equestrian and agricultural premises
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Pubs, clubs, hotels, restaurants, and other licensed premises
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Care homes and nurseries
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All other types of Commercial Property considered
A commercial mortgage the most price competitive way to finance the purchase or refinance of a commercial property. There a variety of deals available with the option to fix your rate which gives you certainty when it comes to payments.
Key Criteria
Loan Size: £25,000 - £50 million
Loan Term: 3 years – 30 years
Security: First or Second charge
Borrower: Individual or Company
Property Type: Residential, Semi-Commercial, Commercial and Land
Location: England, Scotland and Wales
Rates: Starting from 2% + LIBOR
Maximum Loan-to-Value: 80%
Interest only and Repayment options available
Credit History: All credit profiles considered
Bridging Loans
Short-term finance ideal for purchasing or refinancing residential or commercial property for investment purposes
What is a Bridging Loan?
A bridging loan is a short-term loan which is secured against property or land. Typically, they last for terms up to 24 months. Unlike other forms of finance, you can choose to have the interest rolled, meaning that no monthly payments have to be made during the term of the loan. This makes bridging finance a versatile option for property investors and developers.
Why use a Bridging Loan?
Bridging Loans are used for a variety of reasons, including but not limited to:
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Auction purchase
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Refurbish a property
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Purchasing properties that is unsuitable for a standard mortgage
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Purchasing a property below market value
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Raise funds for business purposes
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Save a property from being repossessed
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Purchase a property whilst the sale of another property goes through
The advantages of using Bridging Loans
Speed: Whilst traditional finance methods usually take longer to complete due to strict underwriting processes, Bridging Finance is designed to be a short-term option and usually takes around 2-3 weeks to complete. We are able to complete quicker for urgent cases.
Flexibility: Bridging Loan lenders are able to fill the gaps where traditional lenders are unable to assist. This means that no matter the complexity of the project or your own credit profile, there is a funding option available to you.
Option to lend against the market value of the property: Typically, most lenders will lend against the lower of the purchase price and market value. With Bridging Loans, we have lenders available that can lend against the market value, regardless of the purchase price. This means that if you are able to negotiate a low price with the seller, you can reduce the amount of funds you need to put into the deal with a Bridging Loan.
Key Criteria
Loan Size: £50,000 - £50 million
Loan Term: 1 month – 24 months
Security: First or Second charge
Borrower: Individual or Company
Property Type: Residential, Semi-Commercial, Commercial and Land
Location: England, Scotland and Wales
Rates: Starting from 0.4% per month
Maximum Loan-to-Value: 85%
Credit History: All credit profiles considered
Development Finance
Short-term finance ideal for funding construction works for either converting an existing property or developing a plot of land
What is Development Finance?
Development finance is a short-term funding option for property developers used for either conversions on existing properties or for new-build development projects. This type of finance assists developers with the purchase of a site (or refinance if already owned) and can potentially help with 100% of the build costs of the project.
Why would you use Development Finance?
Development finance allows you to raise the funds required to help with build costs of the project. This is released in tranches once certain levels of works have been completed. These stages are agreed with the lender during the application and underwriting process. Having planning permission in place is preferred, although we have lenders that can help with funding requirements before planning permission has been granted.
Key Criteria
Loan Size: £50,000 - £50 million
Loan Term: 1 month – 24 months
Security: First or Second charge
Borrower: Individual or Company
Property Type: Residential, Semi-Commercial, Commercial and Land
Location: England, Scotland and Wales
Rates: Starting from 4.5% per annum
Loan-to-Value: Maximum 75% Loan-to-Gross Development Value/100% Loan-to Cost
Joint Venture options available with profit share
Credit History: All credit profiles considered
CONTACT US
For any Enquiries, please call or email us:
020 3488 3760 | info@asset-lend.co.uk
our address
33 Queen Street
London
EC4R 1AP
Alternatively
you can fill in the following contact form: