Commercial Investment
The Case
A professional landlord needed to re-finance premises let on a 20 year lease to
a well known carpet retailer in order to purchase further premises.
The Solution
The premises were valued at £1.3m with rent payable of £80,000 per annum. A mortgage for £975,000 was arranged at 1.95% above bank base rate on an initial 3 year interest only term, followed by a further 17 years on capital and interest
terms. A 1% arrangement fee was payable.
Introducer Commission
The introducer received £4875 for passing the opportunity to TBMC.