Finance

We are able to arrange commercial property loans up to 75% of purchase price or valuation, secured on commercial properties ranging from offices, shops (with our without residential accommodation above), pubs, hotels and nursing homes.

Interest rates vary from 3% over Bank Base rate and upwards, as do loan terms which can be up to 25 years with full or partial repayment over the term and other lender requirements such as financial disclosure, personal guarantees, interest & capital deposits etc.

With appropriate notice, we can also accommodate auction purchases, and most often source the property for our client first before arranging finance. Today the most financeable properties are well-located, ‘blue-chip’ properties let to strong covenants for over 7 years – due to their prime nature they can be difficult to find at the right price – we will not only find a suitable deal but also arrange the finance, thus providing a turnkey package.

Working with one of the leading brokers in the industry, your lender, valuer and solicitors will all be kept informed to ensure completion occurs on time.

We also can assist with property development finance, for new builds and refurbishments for periods up to 18 months, but these loans are limited to more experienced developers and properties where planning is in place. Owner-occupier mortgages for limited companies and individuals wishing to purchase or refinance their trading premises are also available, and all interested parties should contact us for more information.

For more information speak to Prideview, respected commercial property agents London, or contact Nilesh directly on nilesh@pridemanagement.co.uk or 0203 113 2142

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