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Business &
Commercial Finance
27-28 Southgate, Chichester
West Sussex, Po19 1ES
Tel 01243 527121
Fax 01243 532089
Consumer Credit Licence 570422
Member of NACFB |
Commercial
Loans & Mortgages
D B Associates work with a number of Commercial Lenders,
ranging from high street banks to specialist lenders.
Using the full range of contacts we can help find the right company
with the best service and rates to suit your needs.
Please feel free to contact us if you would like
more information on the options available.
Lenders vary considerably when it comes to the criteria they look for on
commercial mortgages.
Loan to values range from 60% - 90% and can go to 100% with extra security
or for sitting tenants purchasing the freehold of the property they rent.
Lenders will usually go by the lower of the purchase price or value for purchases
and by the value for refinances, again the criteria for the values vary depending
on the lender, these include Bricks and Mortar value also known as market
value, going concern value which takes into account the value of the business
with the bricks and mortar and forced sale value which is the value that
would be made on the property if it was sold on a forced 180 or 90 day sale.
The rates the lenders charge vary considerably as well, the lower the loan
to value and the more the availability of accounts or repayment proof the
better the rates.
There are self certification commercial mortgage lenders and most of the
lenders will take into account other outside income.
As D B Associates are independent we can source commercial mortgages from
the whole of the Commercial market and find the best deal for the funding
you require. Also we can negotiate with most lenders on the rate and fees.
D B Associates deal with a number of lenders on unsecured loans and higher
loans made on a secured basis, unsecured loans would be of a lower amount
due to the risk involved for the lender.
For any further information on commercial Mortgages or loans please contact
us
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