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

We recently completed a £750,000 term loan for a light industrial storage unit, demonstrating our appetite for varied assets and our 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: Our 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 our 125% ICR requirement.
• Sector flexibility: Storage and distribution assets fall under our standard commercial criteria which remain a core, acceptable sector for us.
• Flexible terms: We 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.