Purchase of semi-commercial property with no build warranty.

Sirius secures £1.6m in just five working days.

Loan Amount

£1.6 million

structure

Investment Commercial Mortgage

asset class

Mixed use semi-commercial

Sirius Property Finance was happy to help this longstanding, loyal introducer whose client was looking to purchase a semi-commercial property valued at £3.1m. The property had no build warranty in place.

The client is predominantly a developer, but after a large scale successful residential development project, is now receiving the profits in tranches and wants to invest the funds into a longer term, secure investment. This is the second long term semi commercial mortgage Sirius has completed for this client.

The vendor put immense pressure on the client, so we had to act quickly. Sirius managed to secure a formal offer at £1.6m in 5 working days from putting the application in. Client opted for a 10-year interest only deal on a variable product, the lender can look to product switch onto fixed if necessary.

Advisor

Paul Debney Paul Debney Senior Associate, Commercial Finance contact details 0208 092 4412
07958 690 185
paul.debney@siriusfinance.co.uk
Paul came on board in 2018 to spearhead our dedicated commercial finance team, bringing with him a formidable 35 years of experience in the corporate banking industry. His extensive background includes 23 years at HSBC Bank involving the management of multiple branches, 5 years at Clydesdale Bank and 2 years working on special projects for Grant Thornton LLP. Since joining Sirius, Paul successfully pioneered the Sirius CBIL loans initiative during the difficult Covid-19 period, which was well-received by many grateful clients.

Paul specialises in assisting clients with Commercial Investment & Commercial owner occupier business, Short Term Finance, Development Finance, Unsecured Business Loans and Asset & Invoice Finance. Whilst being as accommodating and personable as they come, he is ruthless in his pursuit to secure a deal that fulfils his clients' requirements when he is acting on their behalf and as a result continues to receive unparalleled testimonials.

To discuss an opportunity with our team please get in touch.

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