You may have been lead to believe differently, but commercial mortgages are still readily available if you know where to look and who to speak to.
Even though the days of securing finance being as easy as having a ‘chat’ with your bank manager are gone, commercial mortgages do still exist.
Using our relationships with commercial finance providers we can provide commercial mortgages to meet your needs.
If you are currently renting and looking to buy your own property, an owner looking to re-mortgage or move to a larger premises or looking to invest in commercial property we have the solution to help you.
Our commercial finance team are available to:
Provide you with advice and help you to arrange the correct structure for a transaction
Uses of Commercial Mortgages
- Industrial Units, Land & Hotels
- Modern factories and warehouses
- Retail units (with or without living accommodation)
- Commercial & residential investment properties
How Oakmead Finance can help
Our team of specialists have many years of experience in structuring commercial finance transactions. Because of this, we are best placed to advise and arrange facilities through our network of traditional and specialist lenders.
To discuss your requirements, explore the options available to you or have us review your existing facility, please contact us on 0203 3569683
We were approached by a couple looking to obtain a commercial mortgage to purchase a trading micro brewery.
They had a 25% deposit against a purchase price of £250,000 and had set up a limited company through which to trade the business.
The husband was a self-employed web designer and his wife worked full time as an account manager for a well known high street retailer.
They had approached a few high street lenders directly but had been unsuccessful due to their lack of experience in running a micro brewery. After many meetings with high street banks, the couple approached us for assistance.
The couple’s lack of experience made the deal challenging, but not impossible.
In order for us to be able to secure financing, it was absolutely key that we fully understood the background of our clients and their business plan. In addition to this, we also had to obtain robust financial projections and the historic financials, sales profile, footfall and the reasons for the sale of the micro brewery.
Once we had this information, we took the time to package it into a comprehensive new business proposal for the prospective lender.
From our knowledge of the lending market and lending criteria, we quickly discounted all but a few specialist lenders. We then met with them in person and ran through our new business proposal.
As a result of these meetings, we obtained terms from three separate lenders and were then able to negotiate the best possible deal for our clients.
We ultimately secured a loan of the 75% needed over 20 years (part capital repayment -70%, part interest only – 30%, 75% loan to value loan at LIBOR + 5.25%)
The couple subsequently completed on the purchase. They were so happy with the assistance that we provided that they now offer us free beer after work!
“It was a dream of ours to run our own business together and when we found out that our local micro brewery was going up for sale, it seemed like fate. However, the reality of trying to obtain funding ourselves turned our dream into a nightmare. We were so lucky that we found Oakmead Finance online. They were positive about finding us funding, they took a great deal of time understanding our requirements and basically said leave it to us. The next thing we knew, was that we had an offer! Thank you so much to Peter and his team – the drinks are definitely on us!”
Mr & Mrs Ribbans
Think carefully before securing other debts against your commercial property, it may be repossessed if you do not keep up repayments on your mortgage.
Oakmead Finance Ltd is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority.
Oakmead Finance Ltd is a company registered in England & Wales with company number 09478864. The registered office address is 33 Clarendon Way, Chislehurst, Kent, BR7 6RE
Commercial mortgages are not regulated by the Financial Conduct Authority.
The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.