Commercial Lending - How It Works
Amount of Advance
A minimum of £1 million to a maximum of £15 million (£5 million for owner occupied properties)
For commercial investment properties and owner occupied commercial buildings, the Bank typically advances up to 75% of either purchase price or valuation but is willing to look at each transaction on an individual basis.
For development finance, the Bank will negotiate levels and types of funding depending on the structure of the particular deal.
Purpose of Finance
The Bank will consider transactions in all sectors. Typical deals include:
- Loans for investment properties across most sectors e.g. office accommodation, industrial units
- Property development finance for commercial and residential property
- Loans for owner occupiers of commercial property
The Process
- Telephone / email
- Initial meeting with Relationship Manager at your premises
- Transaction structure and terms to be negotiated and agreed
- Rapid underwriting decision
Initially, an email or telephone call is all that is required. You can speak to one of our Relationship Managers who will listen to your proposal and, if both parties wish to progress, a meeting can be arranged.
We will travel to meet you and although our operations focus traditionally on Wales, the South West, London, M4 corridor and West Midlands, we will travel further if required.
Our managers have wide experience of property transactions and can usually give you an indicative financing view on the basis of the first meeting.
If both parties agree the structure and terms of a deal, an underwriting decision can be made rapidly.
