AQUISITION FINANCE FOR BUSINESS TENANTS TO PURCHASE THEIR BUSINESS PREMISES FROM THEIR LANDLORD
- A bridging loan designed specifically to provide aquisition finance for a business tenant given the opportunity to acquire their business premises off their landlord at a discount Market Value.
- Many landlords are looking to offload commercial investment property in order to release much needed cash liquidity, and the quickest and cheapest way to deliver this, is to sell the property to their Tenants at an attractive discount to Market Value.
PRODUCT KEY FEATURES
- Bridging Loan maximises the initial acquisition finance and can be provided much quicker than the time it takes to secure a long term commercial mortgage.
- 65% Loan Advance against Market Value, irrespective of Purchase Price.
- Allows borrower to remortgage the property as the Owner, against Market Value, after having owned the property for a minimum of 3 months and carried out any essential repair or modernisation works in order to maximise the potential remortgage advance.
- Interest Rates from 1.2% per month.
- The benefits of ownership to the business occupier are:-
- a stronger affinity to their business premises giving a greater sense of permanency, and a desire to look after and improve their trade surroundings.
- immediate recognition of asset based equity as a result of the discount purchase.
- in an era of low interest rates, the likelihood that the monthly long term
commercial mortgage repayments could be less than the Rent that was being paid.
VIEW OTHER PRODUCTS:
WE WILL LEND AGAINST >
- RESIDENTIAL PROPERTY
- RESIDENTIAL DEVELOPMENTS
- COMMERCIAL PROPERTY
- COMMERCIAL DEVELOPMENTS
- MIXED USE PROPERTY SCHEMES
- INVESTMENT PROPERTY – RESIDENTIAL AND COMMERCIAL
WHY CHOOSE BRIDGEBANK >
- DECISIONS IN HOURS
- LOAN COMPLETIONS IN DAYS
- EXPERIENCED FINANCE AND PROPERTY PERSONNEL
- ON-LINE APPLICATION PROCESSING
- NO FRONT END PROCESSING FEES
- BROKERS FEES PAID ON SAME DAY AS ADVANCE PAID TO BORROWER
- EXTENSIVE PANEL OF APPROVED VALUERS