We may have been a little quiet on our socials recently but we're certainly keeping busy here at KeySME Business Finance 💪
As King Charles III prepared to complete his coronation duties, we duly completed on a mortgage for a new client looking to make their first investment into the commercial property space 🏢
Situated in the 'sunny' seaside town of Morecambe, our client had agreed terms on a semi-commercial unit offering space over three floors, centrally located and sitting adjacent to the recently refurbished promenade 🏖️
Taking time to understand the client's goals and motivations, and with one eye on volatile interest rates, we worked to structure a solution that provided repayment certainty whilst remaining competitively priced 💡 The result, a 3 year fix @ 6.72% with no lender arrangement fee 🙌
Purchase Price - £410,000
Advance - £262,500
LTV - 65%
Term - 25 Years
Property Type - Semi Commercial
Thank you to our lending partner for their support on this transaction but also to the client, for their commitment and patience 👍
The road to completion on a commercial mortgage can feel bumpy at times and this deal was no exception - However, a good advisor can help smooth the process and increase your chances of a positive outcome ✔️
So, if you have any upcoming property finance requirements, get in touch with KeySME to see how we can help #UnlockYourPotential 🚀
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