Commercial Refinance

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.