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The Loans Engine
Joined 10/08/23
Posts 13
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Who says commercial mortgages take an age...we don't!
We recently completed a commercial case in just 24 working days, proving that speed and efficiency are achievable with the right approach.
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Client’s goal:
The client needed to raise capital to fund a new property purchase. With speed being a top priority, we had to act fast to ensure the deal went through smoothly.
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Key details of the property:
- Fully commercial
- 2 leases and tenants currently in place:
- Ground floor: Pizza franchise, generating £1,950/month (5-year lease).
- First floor: Office space, generating £1,300/month (5-year lease, with an amending lease to follow).
- Property value: £335,000
- Unencumbered property
Timeline breakdown:
- Decision in principle: 23rd October
- Case sent to client: 25th October
- Offer made: 7th November
- Funds released: 25th November
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So, how did we do it?
We utilised dual legal representation, which not only saved us valuable time and ensured a faster turnaround, but also helped reduce costs.
But the real secret? A motivated client and a dedicated team working together to make it all possible.
Contact us today:
📞 0800 328 8930
💻 www.tle.co.uk
📱 sales@tle.co.uk
THIS INFORMATION IS FOR THE USE OF PROFESSIONAL MORTGAGE INTERMEDIARIES AND CREDIT BROKERS, NOT THE GENERAL PUBLIC.
The Loans Engine is a trading name of Central Loans Limited, registered in England 04205508. Registered office: 25-27 Surrey Street, Norwich, Norfolk, NR1 3NX. Postal address: The Loans Engine, 1st Floor, Building 2, Axis, Rhodes Way, Watford, WD24 4YW. Authorised and Regulated by the Financial Conduct Authority. Firm Reference Number 708606.
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