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.

[tds_create_account btn_bg_h="#000000" f_text_font_family="global-2_global" show_version="" tdc_css="eyJhbGwiOnsiYm9yZGVyLXJhZGl1cyI6IjUiLCJkaXNwbGF5IjoiIn19"]

Latest articles

FCA bans former law firm manager over £28m client money case

The FCA has banned a former law firm manager from working in financial services...

National Friendly expands adviser proposition with term assurance launch

National Friendly has moved further into the protection market with the launch of Friendly...

Nationwide names Richard Walker to lead intermediary sales and new-build business

Nationwide has appointed Richard Walker as head of intermediary sales and new build, bringing...

Saffron says brokers should look beyond labels on complex mortgage cases

Borrowers with non-standard incomes, unusual properties or international circumstances should not automatically be treated...

Walsham Brothers expands adviser reach with Paradigm Protect panel deal

Walsham Brothers has added Paradigm Protect to its growing list of distribution partners as...

Latest publication

Other news

Getting to know you: Sam Lindsay, My Mortgage Angel

Name: Sam Lindsay Age: 48 Location: Essex Firm: My Mortgage Angel Interests: Helping people on their homebuying...

FCA bans former law firm manager over £28m client money case

The FCA has banned a former law firm manager from working in financial services...

National Friendly expands adviser proposition with term assurance launch

National Friendly has moved further into the protection market with the launch of Friendly...