Hodge unveils new commercial investment product

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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.”

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