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Article written by Watts Commercial Finance, Moneyfacts.co.uk’s preferred commercial finance broker.
Commercial deals of this magnitude are uncommon. Many high-profile lenders are sceptical of offering a commercial investment loan of just over £2 million at a 65% loan-to-value ratio for office premises in the heart of Manchester.
But Watts Commercial Finance Senior Commercial Manager Mark Jerman has managed to secure this deal for a professional property investor in just 23 days from credit approval.
“This was a fantastic coup for my client - an experienced property investor who was able to add another prime city centre property to their extensive and growing portfolio,” said Jerman.
“With the expert help of Paul Bagan and Mathew Baker at Recognise Bank, we were able to move from credit sanction to completion in just four weeks - an excellent example of how a strong broker / lender relationship can get a deal across the line quickly.”
At Watts Commercial Finance, we work with hundreds of lenders and have built strong and long-lasting relationships with them to ensure the best possible outcome for our clients. Through regular contact with our Business Development Managers, we are able to understand the appetite of each lender so we know who best to approach when mainstream lenders say ‘no’ and our clients come to us for help.
Our team of Assistant Commercial Managers then works closely with our lenders at each stage of the application while liaising with solicitors and valuers to ensure that the deal is processed as quickly and smoothly as possible.
At Watts Commercial Finance, we turn that ‘no’ into a ‘yes’ and provide the valuable funding our clients require. So, if have been declined by your existing lender and would like support in arranging funding for your business #wattstheanswer
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