Case Studies
€850K Commercial Mortgage for Trading Company – 80% LTV
Clancy got us a great deal – the whole process was hassle-free and fast.
The Outcome
- €850K commercial mortgage secured at 80% LTV
- 15 year term loan at competitive rates
- Funding approved within the required timeframe
- Additional overdraft and asset finance secured
- New banking relationship established
- Business secured ownership of its premises
1.
Summary
The business had been renting its premises for several years when the landlord offered it the opportunity to buy.
CBF introduced the company to a new bank and secured an €850K commercial mortgage at 80% LTV, alongside additional facilities to support the business.
2.
Challenge
The purchase had to be completed within a tight timeframe, and the business needed a high level of funding against the property.
The requirement also included refurbishment costs, as well as additional banking facilities to support the company’s continued growth.
3.
Approach
CBF reviewed the business, its financial position and the property before approaching the market.
We identified a bank with the appetite to support the transaction and structured the funding around the property purchase, refurbishment and the company’s ongoing working capital requirements.
