Commercial Mortgages for Schools, Colleges and Day Nurseries
Terms are available to support transactions of all shapes and sizes, catering for the myriad of business and property types which make up this sector, including Child Nurseries, Language Classes and established Schools and Colleges.
Funding options are available up at 82% Loan to Property Value for majority of business and property types, subject to both affordability and quality criteria.
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.
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.
- Where appropriate, copies of latest Ofsted reports
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.
