We are one of a select number of intermediaries chosen to have access to this NEW SPECIALIST CBILS PRODUCT which utilises the commercial property trading asset as security for a trading business and thus enables the cost of borrowing to be spread over 25 years.
Key terms are:
– Loans £100k to £5m
– Lending profile up to 25 years
– Loan commitment period up to 6 years
– Set up fees and first 12 months interest paid by Govt
– Valuation and legal costs paid by Govt
– Indicative margins of c.3%
– 1st legal charge over commercial property
Can also be used to refinance existing lending where new capital will help meet cash-flow requirements for next 18 months or for a purchase where currently renting.
We are just awaiting the final details prior to being able to submit deals so if you are potentially interested please get in contact with us:
Peter Black
Diane Davies
enquiries@snowballalternativefinance.co.uk