The term Commercial Mortgage generally refers to any senior term debt secured against commercial property, normally as a first charge.
The type of commercial property used as security can fall into any class use – please see commercial class use list further down this page. Commercial Mortgages can be provided for both investment and owner occupied trading businesses.
Ownership is typically a Ltd or LLP company but can also be in a personal name or other entity. Belgravia PF arranges funding in less common ownership forms ie. to Expats, Non UK nationals, Pension Funds ie. a SSAS, and Overseas companies – commonly those registered in Guernsey, Jersey, Isle of Man, Luxemburg and often BVI, Caymans, Hong Kong.
Cost of funds
SONIA (Sterling Overnight Index Average) has replaced LIBOR and is an important interest rate benchmark. The Bank’s, Funds and lenders that Belgravia PF work with normally price loans over SONIA. SONIA represents the cost of funds to the lender, the lender then charges a margin over this, typically we see margins at 1.8-2.5% over SONIA for prime commercial loans.
The Bank of England are the administrator for SONIA, they take responsibility for its governance and publication every London business day.
SONIA reference rates are based on actual transactions and reflect the average of the interest rates that banks pay to borrow sterling overnight from other financial institutions and other institutional investors.
Financial institutions and funds use SWAP rates to provide loans that are fixed.
Annual bridging lending exceeds £4.7bn in 2017
Belgravia have multiple lenders on panel for development finance in Ireland, loans from €500K-€20m
Experienced developers only, 100% finance, no profit share to lender, only the interest rate.
Belgravia INV Ltd is authorised by the Financial Conduct Authority (FCA)
90% Equity funding available, London and Hotspots £1m+
Belgravia INV Ltd is a member of the Financial Intermediary & Broker Association (FIBA)
up to 90-100% of Project Costs available