Project: PR Agency, Owner Occupier
Broker: Paul Debney
Client Requirement: £1.5m to assist with purchase of commercial premises in Southwark costing £2m
Loan Amount: £1.5m
Structure: 15 year term loan Capital and Repayment
Asset Class: Offices for company to trade from
Rate: 3.67 over base rate
Deal Narrative: The client required a £1.5m loan to enable the purchase of commercial premises in Southwark for £2m. The premises were to provide offices for the client’s business to trade from and the client wanted a loan structured over a 15-year term on a capital and repayment basis.
At Sirius, we were able to secure this funding, with a rate at 3.67% over Bank Base Rate.