Part 2 – Barn conversion finance and Non-traditional developments
Building on our last blog, where we discussed funding part-built schemes, development exit solutions, in this one we will look at non-traditional developments.
Development and Refurbishment – 90% Loan to all Costs available – Terms available for Professional Developers & First-time Builders. 100% of costs available with funder profit share.
Commercial Mortgages – Up to 85% LTV (100% plus goodwill in some professional sectors). Rates start at 1.85% over base rate. Terms up to 30 years with Interest-Only options
Bridging and Short-term Finance – from 0.4% pcm – Available for Auction Purchases
All posts by: Omega Commercial
July 10, 2024
£450,000 mortgage against 100% commercial unit at 7.1%
75% funding on a commercial unit valued at £600,000 for a trading business, 7.1% fixed for 5 years with a 2% lender fee.
“I don’t want to wait for interest rates to come down”
“For sale” and “sold” signs on the residential side of the property market have markedly increased in the past few weeks and we continue to…
June 28, 2024
Commercial Mortgage 75% LTV with a fixed rate of 6.7%
Existing trading business with 2 years’ trading accounts, mortgage of £1M against fully commercial asset valued at £1.33M with a 5 year fixed rate of just 6.7% and lender fee of 2%.
Can I borrow through my pension?
In a time when property investors and business owners are looking at smarter or more cost efficient ways to hold property, what property to invest in, and how to make their property investments work harder for them, one of the options clients may not realise is a possibility is that of borrowing through their pension.
0% lender arrangement fee
0% lender arrangement fee is available to a wide selection of transactions and businesses, based on…
Don’t let market delays disrupt your property plans
Our focus at Omega is to be a key support to our clients, introducers and partners we work with. When it comes to property development…
May 22, 2024
80% Funding Terms from Lender
Funding terms at 80% LTV have been provided by one of our lending partners for a commercial mortgage to a manufacturing company, with a rate of just 2.15% above bank base rate.
Increased profitability reduced costs and preference-driven outcomes in commercial finance
Working alongside many different businesses, organisations, property investors and lenders over the last three decades has meant the Omega team has encountered and worked through a wide range of unique needs and shifting market conditions.
Money working harder and smarter? (part 2)
For clients who want to develop property, being able to diversify both in project type and funding and having flexibility with finances can lead to success in building projects.
