Commercial mortgage for an additional property
Posted on 10th May 2023 at 14:51
Enquiry: An existing customer was after a commercial mortgage for a second shop with flat above. They were wanting to borrow 100% of the property value – a tall ask!
Solution: The great news with this customer was that their first shop with a flat above was unencumbered! We were able to source a funder that would use this property to finance the second which allowed our customer to borrow 100% of the monies they needed.
Product: Commercial Mortgage £357,000
Tagged as: Cashflow, commercial mortgage, Finance, property finance
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