Hodge unveils new commercial investment product

Published on

Hodge has launched a new commercial investment finance product aimed at experienced property investors who invest in a mix of commercial buildings.

This new finance product is designed to help “serially active”, proven investors buy, manage, refinance or add value to commercial real estate assets such as office buildings, industrial, retail, leisure and mixed-use buildings.

Maximum individual loan size is £5m, with £10m aggregate to borrowers in common ownership.

Loan to value (LTV) ratios of up to 75% are available with loan terms, floating or fixed rate, up to five years.

Eligible borrower types include limited company, LLP, sole trader and Trusts with UK based ownership.

Kevin Beevers (pictured), managing director of commercial lending at Hodge, said: “Hodge has a great track record in providing a human approach to commercial lending – each client has direct access to a dedicated, experienced relationship manager and each application is personally reviewed and assessed by a specific underwriter who evaluates its merits and risk.

“That relationship and one-to-one method really helps to get the best out of the finance product for the investor, and is especially suited to active investors who regularly buy, refinance, modify or sell property as that type of investor requires a close relationship with their funder.

“We designed the product as we saw a gap in the market in this area of commercial property, where investors who specifically target commercial real estate assets are not well served, despite running highly successful portfolios.

“Getting the right bank, with the right property experience and approach is vital to underpin a successful commercial real estate investment. We aim to be the finance provider of choice for our target market with our adaptable attitude to applications, as well as our attractive criteria.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Only a quarter of brokers feel ‘very comfortable’ explaining valuations, poll finds

A live poll conducted during a recent Countrywide Surveying Services (CSS) webinar has revealed...

Gen H lowers New Build Boost rate to 5.95%

Gen H has announced a rate reduction on its New Build Boost mortgage product,...

OSB Group unveils new BTL lender and moves to retire Kent Reliance brand

OSB Group has announced the launch of Rely, a new specialist buy-to-let lending brand. Rely...

Norton Home Loans appoints head of lending

Norton Home Loans has promoted Laura Percival to head of lending, as the lender...

Stamp Duty costs “eye-watering”, says the Coventry

Stamp Duty receipts have surged by 25% so far this year, with homebuyers paying...

Latest opinions

FCA’s mortgage rule changes: it’s time to raise the advice bar, not drop it

The FCA’s move to relax some of the rules around mortgage switching and term...

Tom Bill: Unintended consequences

Former Prime Minister William Pitt the Younger introduced a brick tax in 1784 to...

U.S. Market: lower rates are needed to help unlock the market

When Donald Trump was reelected and took office at the start of this year,...

Mortgage advice in jeopardy as FCA reopens the door to execution-only

Execution only and FCA’s consultation has been playing on my mind. Having navigated decades...

Other news

Only a quarter of brokers feel ‘very comfortable’ explaining valuations, poll finds

A live poll conducted during a recent Countrywide Surveying Services (CSS) webinar has revealed...

Gen H lowers New Build Boost rate to 5.95%

Gen H has announced a rate reduction on its New Build Boost mortgage product,...

OSB Group unveils new BTL lender and moves to retire Kent Reliance brand

OSB Group has announced the launch of Rely, a new specialist buy-to-let lending brand. Rely...