Commercial Mortgages for Industrial Units and Warehouses
Whether used for manufacturing, production, storage or distribution, terms are available typically to 82% of the property value, whether this be for a single property, business park or site, or a larger portfolio of properties held within a single business or group of companies.
Terms can be structured up to 30 years, however we find most clients prefer to utilise 5 years to 25 years as these can often include lower interest rates.
Additional debt terms also available through other avenues where this is insufficient to meet the requirement, whether that be unsecured or funding against additional assets held within the business.
Many businesses who currently rent their premises contact us to investigate terms available to either buy their current unit(s) or look at alternative locations. Often they are surprised to find we are able to arrange a larger facility or on lower terms than they had expected.
Many larger industrial units are split into smaller premises, or multiple plots included within a single title, we are able to take into consideration where part of the property is let to another third party or multiple parties, sometimes allowing the business to borrow more than they had thought, through a single facility.
What’s required for an assessment? Whilst we can often quote on the first call or in response to the initial email with outline terms available, in order to allow a member of the team to fully appraise an enquiry, it is very useful to have the following information available:
- Latest accounts
- Expected Property Value
- Required Loan amount
- Proposed use of funds (i.e. purchase, remortgage)
- Indication of client experience in the relevant sector and also an understanding of the business itself
Whilst more information will be needed in due course, the information above will allow an initial appraisal and an indication of financial terms to be outlined.