This lending is designed for companies , partnerships or individuals purchasing / refinancing a property as business premises. Types of property include industrial units , warehouses , factories , offices , retail units , workshops , supermarkets , general stores , business centres and pharmacies.
The property is generally an office building , industrial unit or retail unit let out on a long term lease to tenants. Lenders generally require the lease to have at least 7 years to run but in certain circumstances will consider a shorter period subject to the quality of the tenant. Lenders expect the rental income to cover the financing costs on a cashflow basis and we can consider purchase / refinance deals. We are able to arrange equity investment into certain situations where the purchaser of a quality investment property requires more deposit input than they have available.
Funding can be arranged for both commercial development schemes ( offices , factories etc ) and residential development schemes ( flats , houses , specialist conversions etc ) . The achieve quality funding the applicants must demonstrate a good track record in previous development schemes. We are able to arrange Joint Venture partners on development schemes where needed.
In recent years there has been a trend towards larger corporate ownership in the care and nursing home sector. Funding is generally easier if the property has 30 plus beds and conforms to all the present standards. Whilst we can help with funding smaller homes the interest rate charged is generally higher than that available to homes with in excess of 30 beds. We are also able to assist with funding private hospitals , clinics , health centres , pharmacies along with doctors / dentists practices.
Good quality hotels , country and town centre pubs , restaurants , golf clubs , leisure centres , spa venues , sports centres , holiday parks , theme parks , theatres and cinemas.