At MT Finance, they understand that commercial deals, especially those involving SPVs and overseas interests can often get bogged down by unnecessary complexity, that is why their commercial mortgages are designed to be built around borrowers needs.

They recently completed a £750,000 term loan for a light industrial storage unit, demonstrating their appetite for varied assets and a pragmatic, common-sense approach to underwriting.

The deal at a glance:

• Loan: £750,000 at 75% LTV (plus fees)
• Asset: Light industrial storage unit
• Structure: Limited company SPV
• Terms: 10-year interest-only

Why this case worked:

• Simplified ownership: Their policy allows for overseas shareholders holding less than 25% of the equity to be excluded from the application, thus removing unnecessary hurdles for the borrower.
• Strong affordability: The established nature of the tenant and the existing lease agreement satisfied their 125% ICR requirement.
• Sector flexibility: Storage and distribution assets fall under their standard commercial criteria which remain a core, acceptable sector for MT Finance.
• Flexible terms: They were able to accommodate an interest-only structure over a 10-year period, aligning with the client’s cash flow objectives.

Do you have a commercial case on your desk that needs flexibility? Let’s get your deal to completion.