Gatehouse Bank has introduced a new range of commercial property finance products.

The bank is targeting businesses and investors looking to acquire or refinance commercial property investments and mixed use or owner-occupied commercial premises.

Finance of between £500,000 and £2m is available to UK residents and companies, as well as expat and international clients. The Shariah-compliant bank is offering flexible underwriting and personal relationship managers, who will provide a single point of contact from application through to completion.

Gatehouse Bank says it will assess each transaction on its own merits and there are no early settlement charges if clients exit at agreed break points.

Clients will be able to finance up to 70% of the value of commercial properties including offices, industrial units, purpose-built student accommodation and retail property with part residential.

The new products are available directly from the bank or via brokers, and clients can choose between ‘amortising’ or ‘profit-only’ — the Shariah-compliant equivalents of conventional repayment and interest-only.

When choosing ‘profit-only’, instead of paying the capital element alongside the amount the bank earns for providing the finance, the client makes a balloon payment at the end of the term.

Paul Stockwell, chief commercial officer at Gatehouse Bank, said: “We’ve already built up quite a following in the property space so, with these products, we’re really trying to position ourselves as leaders in every sphere, whether that’s commercial property finance, Build To Rent or buy-to-let.

“Our customers already include investors, asset managers and developers. We know many of them often need more than one type of property finance, so it makes complete sense for us to cover all bases like this.

“We have seen growing demand for finance under £2 million over the last 12 months and are confident that our competitive terms, bespoke underwriting and personalised relationship management will prove to be significant draws.”