Commercial Building Loan TermsConditions for commercial building loans
Our customer owned a vacation home and wanted to refinance it to free up capital to buy another vacation home. This loan was taken out and provided on a fixed-rate mortgages in order to guarantee a certain security over further repayment. Characteristics: Our customer has a hairdresser who has been in business for 18 years.
You needed a loan to pay back an extravagant bridge loan you had taken out to buy your business space. Having been rejected by their own banks, we were able to use our large lender panels to obtain a loan enough to pay back the bridge loan and free up further funding to expand the lounge building.
Specification: Our customer has contacted us to arranging an Unsecured Loan for them to abandon their current invoicing financing facilities and raise their working cap. It is our clients' businessplan to reproduce this and expand their businesses. While the number of UK financial institutions willing to assist real estate investment outside the UK is limited to a minimum, Watts works in close collaboration with two or three financiers able to do so.
Our customers had the opportunity to further expand their businesses. Beschreibung: We were contacted by a luxurious dealership that wanted to distribute its income taxes over a longer, more limited timeframe. On behalf of the customer, we were able to procure an uncollateralised commercial loan with a maturity of 5 years.
Within 2 week after our first conversation with the customer the plant was on site. Quickly we arrange uncovered financing for them to buy new trucks. Characteristics: Our customer is in the construction sector and has been acting for less than a year. You do not own a home and have a bad solvency.
Despcription: Our customer wanted to generate working funds backed by commercial space. Describe: Our customers needed a setup to develop the very succesful dining operation they had established 18 month earlier. Successfully arranging an uncollateralised loan, we opened a new dining room for our customers in early August. Beschreibung: Our customer was presented to us by another real estate agent who had become ill and could no longer work.
The customer needed 175,000 to back its working equity / working equity and had an outstanding £50,000 uncollateralised credit line. Synopsis: The businesses of our customers had evolved so much that they had difficulty managing their own financial flows. As a result, they used an invoicing financing mechanism to help them. Transactions with the supply of health care personnel and they had a lag from the payment of their agent's employees until receipt of funds from customers.
Describe:Our customer, a real estate developer for the first market, wanted to buy a HMO real estate at bidding. Following successfully completed purchasing, the evaluation was ordered and the final evaluation obtained within 5 workdays. Comment: Our customer was looking to re-finance an outstanding credit line that had matured and the institution was not willing to create new conditions.
Since our customer had a low real estate value on every real estate, he had trouble securing financing from a high-street creditor, but we were able to obtain a 10 year pure interest rate mortgages over the entire real estate book. As only one of the homes needed to be fully valued and the other 23 homes were managed via desktops, we were able to reduce our client's UK revaluation costs by around £6,000.
Comment: Our customer had to find some money to cover a small amount of taxes. Quickly, the transaction was accepted and the evaluation with drawing was ordered within a few short months - and all within the narrow time constraints of our customers. Our customer leads a prosperous shop and had the possibility to buy the stock rented by him.
It turned to us to support it as its needs and conditions did not match the standards of a number of banking institutions. After seeing the client's franchise, he quickly released the money to the bank. Successfully placed our customer with a creditor who was able to keep the requested dates.
Property Description: Our customer needed a Loan for 6 homes to be built in North Yorkshire. Financing was secured within the deadlines specified by our customer. While the evaluation was slightly below expectations, our customers were able to deal with the property for the good of all concerned.
Property Description: Our customers were non-controlling interests in a long-standing company and wanted a loan to support the MBO from the non-controlling interests. Customers had turned to the established banking institution, which had consented to support them, but 2. charged fees via the directors' houses. Beschreibung:Our customer wanted to buy a seafood and chips store in Norfolk.
You had contacted your own rejected financial institution and other creditors had not come to an agreement. Property Description: We were contacted by our customer who was looking for an uncollateralised corporate loan for working equity and growth. You had been with another estate agent who was unable to obtain the necessary financing.
Placing the customer with a creditor who took the necessary amount of patience to better understanding our customers' needs and helping them grow. Purpose: Our customer wanted to refinance a nursing home from a high street bank to pay back an outstanding loan and free up extra capital to repair and improve the home.
In order to keep loan repayment to a bare minimum, the customer wanted an interest only mortgages. Loan was granted as requested. Despcription: Our customer quickly had to find some money for other commercial needs and was about to sell a real estate. Due to the fact that the funding was needed quickly, we concluded a short-term bridge loan.
Because of the value of the real estate, the creditor has declared that it is prepared to market it without a valuations opinion. The customer was very satisfied and could continue with another occasion. Characteristics: Our customer contacted us in December 2017 when he was looking for a kennel and kennel operation in Barnsley.
The customer was successfull at the sale and the evaluation was asked to receive the evaluation within 5 workdays. At 0.44% p.m. we were able to obtain a short-term loan with an agency charge of 2% and no exiting charge of approx. 50% LTV over 18 month.
You needed resources to support the acquisition and renovation of the real estate. We develop and sell the real estate. We have been contacted by our customer who operates a temporary shop. Financing for our customer was secured with money that was called in less than 2 week after filing the request.
Characteristics: Our customer needed a bridge loan for the acquisition of a home and was rejected by several creditors in the main streets. Characteristics: Our customer wanted to expand its rent portfolios and needed financial resources to speed up the acquisition of a new real estate. We had previously provided our customer with a real estate loan to help him buy a real estate in need of renovation.
Property Description: Our customer needed a cash inflow to help expand its company and could not obtain funding from its current financial institution due to insecurity. A £197,000 loan to the commercial arm with a personal guarantee to help with the taking up of the loan was made possible.
Property Description: Our customer, a wholesaler/maintainer, has contacted us to obtain a loan to help them grow their businesses and increase working capital for current orders. Property Description: Our customer, who is expanding his lease portfolios, asked for financing to speed up the acquisition of a fourteen-bed HMO.
Our focus was on promptness, and once we had gathered the necessary documentation and information, we turned to a number of donors. He' s now procuring his next real estate. Our customer was looking for ways to completely renovate his business, win new clients and thereby grow his business.
Despcription: Our customer turned to us when he wanted to re-finance a 52-room hotel that had originally been bought with personal funds. Worked with the customer to provide consultancy on the most appropriate structures and fringe benefits to meet the company's extra needs. Corporate finance required a proactive stance due to the company's relatively recent expansion.
Beschreibung: Our customers have a very prosperous company, but they will soon be retiring and leaving their company to their sons. On the basis of evaluations and within the necessary timeframe, we were able to find a creditor who was able to loan him the entire amount of credit needed. Property Description: We were contacted by a company that needed funds to open a new Blackpool offices.
You also needed working equity to help recruit new employees and take your operations to the next stage. Property Description: Our customers are very seasoned lessors and developer with a large real estate real estate portfolio. The conditions with their current institution had run out and they were not willing to extend them, as the whole institution was engaged in the wholesale credit area.
Turning to a new creditor, we obtained refinancing through several groups of high-quality housing assets that buy back their current banks and provide our customers with the necessary resilience. There was an appointment he had to keep in order to make sure he bought it. Characteristics: Our customer was presented to us after being unlucky with the acquisition of new business space through his own banking institution. We quickly prepared to get in touch with the customer to fully appreciate the full context and needs.
In 2018, our customer will start in his new offices. Our customer has contacted us as an initial investment company who would like to buy a store and an apartment that has been given the option to buy. He had a large security which he had avoided by operating his own very succesful washing operation.
Appraisers and lawyers alike have been quick to act to make sure that our clients have made their first real estate investments, which they assure us will be one of many. From the time the building was let it had expended around 50,000 on renovation and, due to several renovation delay periods, had only 2 month to use the pre-agreed rate, which was well below fair value.
In this way, our customer was able to fulfill his life's dreams of having and managing his own company. A bridge loan of 75% of the sale proceeds at an interest of 0.90% has been agreed, with interest maintained throughout the duration of the loan. We have been contacted by our customer to help with the acquisition of new office space after they have been rejected by their local banking institution.
We were very pleased with our client's decision to acquire new space for the retail area. However, he wanted to keep the real estate he held in his own name, which was the reason why he had been able to keep it. It wanted the real estate financing to be repaid because of the link with the commercial transaction.
A 10-year pure interest rate mortgages was obtained to allow the customer to keep the property and sustain cash flow. Beschreibung:Our customer has been leading a successfull company since 1991. It came closer as he tried to collect 250,000 pounds to use as a treasury for the acquisition of renovation property and to make sure that it would always have about 5 simultaneous deployments.
This case had many challenging aspects such as the applicant's legal age, rental period and mixture of tenants. Describe: Our customer, a nursing professional, has applied for financing to quickly develop a new commercial area. Our focus was on promptness, and once we had gathered the necessary documentation and information, we turned to a number of creditors.
Our creditor reacted very quickly and our customer got the 100,000 he had asked for within a few workingdays after the review and approval of the offer. Descriptions: Our customer bought a dilapidated mansion in the Liverpool outskirts and renovated and modified parts of the estate into a 15 bedroom HMO. As a result, our customer was able to continue with the next phase of the development and expand its real estate asset base as part of its long-term capital expenditure program.
Property Description: Our customer bought a real estate asset at an auctions. Following the customers' successful auctions, an evaluation was ordered and the final result obtained within 5 workdays. Characteristics: Our customer bought six apartments at an auctions under one heading and performed a complete renovation of the rooms with his own means. Our customer is an expert developer looking for 100% financing for expansion, protected against an unpolluted site.
Comment: Our customer, a Yorkshire -based production company, was directed to us by another agent who was not able to raise the necessary resources to take his deal to the next stage. You have completely renovated the building, which creates retailing outlets with flats above. Now that all the stores and the housing are leased, we have funded our customer on a long-term loan that provided the means to pay back his bridge loan as well as extra money that he will use for his next one.
Property Description: Our customer already bought the property in August 2016 with funds from earlier projects. The customer wanted to use this property to construct 2 x luxurious new buildings and needed a 1.2m pound loan for this. For the customer, we set up a design centre and the customer was able to reach his first level within a single working day.
Characteristics: Our customer wanted to re-finance a bridge loan that we made possible at the beginning of the year so that he could buy and refurbish a house at a low cost. Specification: Our customers needed funds to acquire a HMO Liverpool licenced real estate. Despcription: Our customers had declared their willingness to buy a large plot of land, previously comprising two row homes that had been dismantled into one.
Characteristics: Our customer possessed real estate and wanted to free up capital to buy another real estate without agreeing a loan on the real estate to be acquired. The customer was able to purchase the extra real estate and expand his own real estate holdings. Comment: Our customer needed resources to help with a real estate he developed for his company and urgently needed resources to keep the owners on site.
Specification: Our customer needed financing to substitute an old financing contract with a new Deployment Financing Facilities. By using the portfolio and the new real estate as collateral, we were able to secure 100% financing for the acquisition and raise money for the renovation of the new real estate. The loan was agreed even though our customers have only 3 month of real estate expertise.
Property Description: Our customer has been acting for just over 3 years and the company needed a financial infusion to finance the working equity so it could expand. When we were rejected by their bank, we quickly rearranged a 30k £5 year credit line. We were contacted by our customer to assist in financing a quick resolution needed to resolve a problem with our own liquidity.
Synopsis: Our customer, an seasoned real estate developer, wanted to use the capital of its current leased assets to seek financing to drive the expansion of its real estate franchise. A £100,000 loan was agreed for her which has allowed her to propose two new homes for sale.
Property Description: Our customer was looking for a loan to pay back to a High Street Bank. For many years, the transaction had been firmly rooted, but was overly oriented towards historical debts. However, the current creditor approved a loan write-off so that the customer could refinance the loan. The loan is 100% of the amount needed to reimburse the creditor on the basis of the collateral provided.
Comment: Our customer was directed to us by a mortgage advisor who had difficulty placing this HMO with his lender group. Despcription: A villa builder contacted us to fund a new project of 10 homes. Comment: Our customer wanted to take out a 200,000 loan to support working funds and work in process.
Characteristics: We were contacted by an established customer to finance the construction of a small site for the construction of 2 apartments. Characteristics: Our customer bought real estate at an auctions. Specification: Our customer required funds to buy a HMO at Liverpool City Centre. One loan was backed for a mere 5 years to minimize repayment, which would further help the member of the household.
This loan has now been completed, with the first instalment having been utilised and the other instalments being available at the customer's request. The customer refurbished the building to a high level and the shop did well for 6 month before submitting the request. Describe: A well-established company had run into arrears with HMRC's indebtedness and was under strain from its banks.
Description: Initially we placed a remortgage for our customer in 2016. Since the real estate loan was low in value, there was no problem with the release of capital, however, the fine for switching to a new creditor was high. Together with his current creditor, we have reached an agreement to bring forward the necessary resources so that he can continue and make his buying.
Customers profited from the fact that they did not have to foot any lawyer's charges or get out of the system for their current investment and only had to foot a firm brokerage and evaluation charge. Describe: Our customer, an established real estate company, wanted to acquire another apartment for rental. Resources obtained against the real estate were enough to reimburse the bridge loan originally used for the sale and to provide extra funding to make up for the renovation cost saving so that our customer could move to the next destination.
Despcription: Our customer wanted to buy a real estate in need of restoration. Specification: A manufacturer contacted us to arrange an extra working cap facilities to assist with our operations during the season. Built within a few short months, the plant is available every year for permanent use.