Commercial Development Mortgages
The demand for good-quality businesses and commercial properties significantly exceeds supply in a number of sectors and regions. As a result, more investors are investigating the benefits of developing, renovating or refurbishing an existing property.
In response, lenders are making more development finance options available – particularly to experienced business-owners and property developers with a proven track record for these types of projects.
At Christie Finance, we are experienced in arranging funding for development across the sectors in which we specialise. As an independent broker, we are not tied to any particular lender. We have established trust-based relationships with leading lending institutions. We know who is offering development finance and who to approach to get the best deal for you.
Development loan features
The terms applicable to development mortgage facilities will vary considerably from lender to lender but, as a general rule, the following may apply:
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60% - 70%
LTV, subject to status
Key Factors to Consider for Your Loan Application
When you are thinking about buying a business there are various things that both you and a potential lender will need to consider:
Experience – do you have the right level of experience to run the business? How will you run it?
Performance – how well is the business doing? Is it in a good location? Is there enough profit in the business to be able to repay a loan easily and personally benefit from?
A deposit of 30% or more
Good credit history
Two years' trading accounts and income projections
Strong proposal from Christie Finance
Proof of experience