Property Loans -
Specialist Coatings Business – Commercial Mortgage
We arranged a commercial mortgage to enable this business to purchase their trading premises
Opportunity:
The client sought finance to purchase their existing trading premises but no deposit monies were available.
Approach:
We met the client to understand its business and future plans. As the agreed purchase price was lower than the property valuation, we realised that, with our assistance, we could find a lender who would look at the property value not purchase price in calculating the loan amount. That way, we could overcome the lack of deposit monies.
Solution:
A bank loan was agreed to provide the necessary finance using the property valuation and not the purchase price.