Key Facts:
- Client: British national & resident
- Property Value: £615,000
- Loan Amount: £615,000 (including rolled interest and fees)
- LTV: 80% on the property, 20% loan on cash in their SIPP
- Rate: 2.4% over base, variable (repayment term over 25 years
Enness is a leading broker of high-value commercial property finance. With access to over 500 lenders, we can negotiate finance for clients anywhere in the world. Delivered with speed and precision, Enness will be able to help you source the very best commercial property deals - regardless of how much you want to borrow.
In this case, our client was a dentist who was looking to purchase a commercial property to run his dental clinic from. The property was worth £615,000 and we succesfully funded 100% of the purchase price, with 80% on the property and the rest being a loan on cash in their SIPP (Self-Invested Personal Pension).
As this case illustrates, using different financial vehicles, it will be possible to overcome even the most complicated and time-sensitive fundraising operational issues. Here, we successfully arranged a high LTV (loan-to-value) mortgage at a low rate, with repayment over a long term, which means the client had lower monthly payments. However much you want to borrow, and no matter how complex your transaction, you will benefit from fully customised commercial property finance that maximises your assets and reduces your costs.
Offering a bespoke service, Enness will secure commercial property finance for you, whatever the size of your operations. Enness will help you present your projects to lenders and facilitate getting the best commercial finance rates along with the terms that meet your needs. To discuss your scenario, get in touch today.
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