Commercial Mortgage Overview
Management are expected ot have significant experience in this sector.
Contribution to a commercial mortgages can be expected to be in the region of 40% for homes less than 20 beds, or 30% for homes with 20 or more beds. The period of repayment is usually between 10 - 20 years.
Documents Required
- Existing Financial Information of home, profit and loss accounts, balance sheets, (min 3 years) etc.
- A copy of Home's Prospectus.
- A copy of the Home's latest Local Authority / Health Authority inspection report.
- Bank statements.
- Any previous valuation and business appraisal undertaken by sector specialists.
*This guide is for information purposes only. You should seek professional advice on your commercial mortgage requirement from a commercial mortgage broker that holds a consumer credit licence.
