Commercial property refinancing
Refinancing your commercial property provides an opportunity to add an injection of capital into your business and/or access funds to purchase equipment or take advantage of an investment opportunity.
Sherine Sivla and the commercial team advise businesses across all industry sectors on refinancing, ensuring the correct due diligence is undertaken and that business owners and property investors understand their legal obligations.
Refinancing your commercial property provides an opportunity to add an injection of capital into your business and/or access funds to purchase equipment or take advantage of an investment opportunity. We advise businesses across all industry sectors on refinancing, ensuring the correct due diligence is undertaken and that business owners and property investors understand their legal obligations. Our firm is a constant, stable presence in the area, and we have developed trusted relationships with estate agents, valuers, mortgage advisors, and lenders, all of whom we can call on for additional support if required.
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Sherine Silva and the commercial property team can handle every aspect of your refinancing, from organising the valuation and conducting due diligence on the finance agreement to safely transferring the funds.
What sets us apart from other law firms is our expertise. As a team, there is no property matter we have not seen before and we can deal with all types of transactions, regardless of complexity. We are used to dealing with high-profile law firms instructed by other parties and have the knowledge, technology, and sheer creative talent to hold our own in terms of protecting our clients’ best interests and achieving results.
Commercial property refinancing FAQs
Refinancing your commercial property can:
- Allow you to access a more favourable interest rate.
- Reduce monthly loan payments by extending the mortgage term.
- Provide access to capital to make purchases or investments.
Essentially, refinancing a commercial property works on the same principles as remortgaging a residential property. The first step is to contact an independent mortgage broker who can research the best mortgage products and find one that fits with your commercial strategy. The lender will want certain conveyancing procedures to be carried out such as the checking of the land and title as well as a property valuation. If the loan is granted, you will pay off your existing commercial property mortgage with the funds and use the excess for the planned capital expenditure or investing opportunities.
The minimum loan to value (LTV) ratio for most commercial mortgages is 75%, although some lenders set the cap at 60%. The more equity you hold in your commercial property, the more likely you are to get a favourable deal as you present less of a risk to the mortgage provider.
We are a niche firm specialising in all aspects of property law. By instructing us to manage your commercial property refinancing you can be confident that the process will proceed quickly and cost-effectively. We are dedicated to providing exceptional customer service and our ability to quickly deal with complex property matters is well known throughout the Central and Greater London area and across the rest of the UK.
Click below to find out more about how we can assist you with drafting and negotiating commercial property tenancy agreements