Commercial Property Mortgage

Published by Fusion Finance on 3rd March 2020 -


Mr Shepherd approached us as he needed a commercial mortgage to purchase a warehouse he was renting. The freeholder was looking to retire and gave our client first option to buy. However, the deal required confirmation of funding and needed to complete within six weeks.

Given the brief, we completed a case summary the same day. We then obtained an agreement in principle from a lender within 24 hours. The terms were for a 70% advance of £400K tracking at 3.75% over bank base rate with a 1.5% lenders fee. Three days later we obtained a commercial valuation, and a satisfactory report delivered within the week.

Solicitors were appointed, and all searches and due diligence completed by week four. By week five funds were drawn down, and the purchase completed ahead of schedule.


Noel Egan

Fusion Finance is an independent financial consultancy that specialises in finding property development and bridging funding for all types of property developers and investors.

Link to Fusion Finance business profile

26th March 2020
DIY disasters you can easily avoid

Boredom is a natural side-effect of self-isolation. So if you're staring at the walls and tempted to do a little DIY while trapped indoors, there are some jobs around the house that are fine to tackle yourself.

Read more
23rd March 2020
The future of office workspaces

Eamon Fox, Partner in the Knight Frank Leeds office, discusses emerging workplace trends and how office space is fast becoming a strategic device. 

Read more
19th March 2020
Improvement in health construction following Budget

Spending on health construction projects is expected to improve this year as more money comes into budgets from central government, and procurement moves forward on major schemes.

Read more

This site uses some unobtrusive cookies to store information on your computer. By using our site you accept our Terms And Conditions and Privacy Policy.