With commercial investment mortgages you can either buy a commercial property to rent out, or buy one that has been let already. Many businesses and individuals use commercial mortgages either as a means of buying a property or raising capital against an existing investment property.
Commercial financing can be provided for a huge range of commercial properties including:
- Factories and warehouses
- Industrial units
- Retail – with or without living accommodation.
- Restaurants and bars
- Surgeries, dental practices, and veterinarians
Every commercial investment mortgage is tailored to match the strength of the proposal. Broadly speaking the deposit required and the rate will vary depending on a range of factors including:
- The industrial sector
- The length of the lease
- Your investment experience
The quality of the tenant will also influence the particulars of your mortgage. For example renting to an established multi-national will be a lot more secure investment than renting to a start-up or an SME.
At Goodman Corporate Finance we generally lend to prime candidates with no adverse credit. If you cannot demonstrate a strong investment track record you’ll likely have to supply robust financial information.
We might ask to see bank statements, current management figures, cash flow projections, business plans, and audited or certified account information.
We offer advances of up to 85% on our commercial investment mortgages for terms of up to 25 years and with interest rates from as little as 2.0% above the bank base rate. However if your rental is secure enough and your financial history strong enough we may consider offering a 100% advance with additional security in the background.