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£11.5m refinancing of converted office block secured for complex ownership structure
Silbury provides additional £33 million loan for 292-home Old Kent Road residential scheme, taking total facility to £101 million
Construction starts on £140m 24-storey Battersea tower
Shawbrook has announced key changes to its core commercial mortgage proposition. Having observed shifting market conditions over the past 12 months, Shawbrook has identified increased demand for investment in commercial property. In response to this demand, the bank is enhancing its products.
Key enhancements include – reducing the minimum loan size to £250,000; reduction of rates across the offering by 10bps; increasing the maximum LTV by 5% on semi-commercial products to 75% and commercial products to 65%; re-introducing retail assets as acceptable security; and relaxing experience requirements for applications from buy-to-let landlords.
Shawbrook head of real estate proposition Daryl Norkett says, “Having monitored the market and our own deal flow over the past few months, we are making changes to respond to growing demand from professional investors and landlords for commercial property”.
Call Trinity Specialist Finance to secure funding on 020 7016 6151 or book a consultation
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