Which commercial property finance option is considered the best?
With your business expanding daily, you will need to take possession of a commercial property. It will give you access to different areas like offices, warehouses, stores and even factories. Apart from giving you peace of mind and a feeling of being safe, it also gifts wraps a bunch of financial perks for you.
Our job as commercial financial property brokers concerns finding the best and right lender to materialise this dream of yours. Meeting different lenders will introduce different funding opportunities to you. Some of them are:
Mortgages can be a lucrative financial product. Utilising it for diverse forms of business objectives will make sense. Here, you will receive a legal charge over the commercial property. However, you are free to invest the money in any way to grow your business.
It also opens the door to refinancing opportunities leading to low-interest commercial property loan rates and flexible monthly payments. There are three types of commercial mortgages available for you:
- Owner-occupied commercial mortgage
- Commercial investment property mortgage
- Property portfolio loan
If you want to sell the commercial property, some development work is urgently necessary. It will call for an investment you can easily manage with development finance. This funding intends to cover any development-related costs that you may incur.
You can have this short-term financing option with a lot more flexibility. Covering construction costs is like a cakewalk with this funding. Investing in a new property or converting the existing property becomes smooth when you get access to any of these types of finances like:
- Regulated Development Finance
- Mezzanine Development Finance
It has a resemblance to mortgages. You can obtain bridging finance with commercial property to gather capital for the business. The process is swifter in the case of this loan, unlike traditional mortgages.
The business property will prove your suitability for getting financial help from lenders whom we will contact for you. This option is popularly used catering finance to the auction. It is not restricted to this only. You can opt for them when considering a property with little or significant renovation needs.
An exit strategy is a unique thing about these loans. It is a compulsory addition by the finance provider for anyone looking for commercial property development finance within the UK. Some of its exclusive features of it are:
- Freedom to keep funds till project completion
- Repayment is easy with instalments
- The chances of a final settlement are wide