My name is Tom Brogan Cert CII (MP) and I am the Commercial Property Finance Broker at Approved Finance Group. Recently we completed a Commercial Mortgage for a thriving construction company based in the UK!
The client approached me looking to raise a loan of £1,100,000 to consolidate all of the unsecured debt they held within their company in order to reduce monthly outgoings. The challenge I faced was finding a lender that would lend based on the projected next year's figures for the business as the current years accounts would not have facilitated a loan of the required size.
Even with these challenges, I was able to utilise our extensive 125+ lending panel to secure a 5-year fixed mortgage spread over 25 years. This loan has allowed the client to repay all existing debts, reducing their monthly outgoings, in turn increasing profits by thousands of pounds.
Are you in need of a commercial mortgage? To find out more information on how this product can benefit you - click the link below or to speak to a member of our Property Finance team, call us on 01908 429888 or email us at info@approved-finance.co.uk.