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Brightstar assists first time landlord to invest in commercial property

A commercial finance case study


Our brokers client was looking to acquire a commercial investment property at a purchase price of £146,250.  Finance was required at 75% LTV on an interest only basis.




Upon conducting a full fact find, it transpired that the client had no previous landlord experience with commercial or residential property.  The property to be mortgaged was also vacant creating an added challenge in finding a lender with an appetite for the case.


Our specialist commercial team carried out extensive research, checking policies and criteria with each potential lender on our panel.  Working with the client and several lenders, indicative terms were issued by two of them and the client selected the most favourable.  However, both lenders advised that the application could be progressed, but the client would need to secure a tenant prior to draw down of funds.


After receiving the full valuation report, the lender declined the application which now placed a significant time delay on the whole process.




The consultant was required to act swiftly to keep all parties on board and contacted the alternative lender who had already supplied indicative terms.  The valuation report was sent to the alternative lender resulting in revised terms being issued within 48 hours.  The revisions included the repayment structure to be part and part.


This was a difficult case from the outset, with additional hurdles throughout the process, but our specialist team still managed to complete the case within the estimated time frames originally quoted.