INTEREST RATES
LOAN SIZES
LOAN TERMS
LOCATIONS
3 to 24 months
Across England and Wales
£100,000 to
£10,000,000
2
From 0.89% up to 65% LTV
1
LOAN USES
FEES & CHARGES
Buying commercial property incl. at auction
Refinancing of maturing commercial debt
Working capital for your business
Arrangement fee: 2%
Broker commission: From 1.5% (taken from the arrangement fee)
Exit fee: None
Early Repayment Charge: None (interest rebated on a daily basis for loans repaid after the 3rd month)
Legal fees: At cost, provided upon application
5
Valuation fee: At cost, provided upon application
4
Light to medium property refurbishment
3
Permitted securities: Commercial properties, HMOs, buy to lets, student accommodation, holiday lets with no title restriction
COMMERCIAL BRIDGE
Vacant property in disrepair
Property with potential environmental contamination
Farms or agricultural property
First charge unregulated loans only
Properties in England and Wales only
Adverse credit history considered
UK residents and limited companies only
This does not constitute an offer of financing. Heads of Terms and Loan Agreements will be provided by Funding 365 Limited on a case-by-case basis. Funding 365 Limited reserves the right to amend, suspend or terminate this product at any time and without notice.
YOUR PROPERTY MAY BE AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Owner residing above semi-commercial property
PRODUCT CHARACTERISTICS
PROHIBITED USES
1. Our 0.69% product rate is only available to properties with either (i) a blue chip tenant on a lease with five or more years remaining (no breaks); or (ii) more than seven individual tenants where rental income is relatively equally spread and a history of occupancy is available. Interest can be paid monthly (in full or in part) or rolled up and paid upon redemption. Gross LTV is calculated using the gross loan amount divided by the lower of the purchase price and valuation. Valuation is typically the OMV, although other measures may be used on a case-by-case basis. Higher LTVs are available with the provision of additional security (first or second charge basis). | 2. Larger loans considered upon application. | 3. Light to medium property refurbishment is defined as having no planning permission requirements. | 4. Valuation fee is required up front. | 5. Legal fees will be deducted from the loan amount. Your lawyer will be required to provide our lawyer with an undertaking to pay all legal fees in full.
COMMERCIAL BRIDGE
INTEREST RATE
From 0.59% up to 60% LTV
From 0.69% up to 75% LTV
Interest can be paid monthly (in full or in part) or retained upfront
LOAN SIZES
£100,000 to £10,000,000
Larger loans considered upon application
LOCATIONS
Across England and Wales
LOAN TERMS
3 to 24 months
KEY INFORMATION
Swipe across for key product information
COMMERCIAL BRIDGE
INTEREST RATES
LOAN SIZES
LOAN TERMS
LOCATIONS
3 to 24 months
Across England and Wales
£200,000 to
£2,000,000
2
From 0.99% up to 65% LTV
1
(1.5% broker commission)
(2% broker commission)
From 1.04% up to 65% LTV
(2% broker commission)
INTEREST RATE
From 0.69% up to 75% LTV
1. Our 0.69% product rate is only available to properties with either (i) a blue chip tenant on a lease with five or more years remaining (no breaks); or (ii) more than seven individual tenants where rental income is relatively equally spread and a history of occupancy is available. Interest can be paid monthly (in full or in part) or rolled up and paid upon redemption. Gross LTV is calculated using the gross loan amount divided by the lower of the purchase price and valuation. Valuation is typically the OMV, although other measures may be used on a case-by-case basis. Higher LTVs are available with the provision of additional security (first or second charge basis).
LOAN SIZES
£100,000 to £10,000,000
Larger loans considered upon application
LOCATIONS
Across England and Wales
LOAN TERMS
3 to 24 months
KEY INFORMATION
Swipe across for key product information