YBS Commercial and Mesa Financial complete £1.7m commercial deal



822_2022-06-15-02-36-46pm.gif
YBS Commercial Mortgages and Mesa Financial have completed a £1.7m loan for the purchase of a commercial property in Surrey.

The 61% LTV facility — agreed at 3.5% over base rate on a 10-year term — allowed the client to acquire a tenanted office block.

Although the case posed some difficulties, as the property’s current tenant had only three years remaining on their current lease, the lender and broker worked together and were able to structure the deal to offer the client flexibility and meet their needs. 

James McGregor, director at Mesa Financial (pictured above), said: “It was great to work with YBS Commercial on this deal. 

“There has been a huge show of confidence in the commercial real estate market over the last few months, which is great after the change in landscape caused by the pandemic, resulting in a decline in some lenders offering deals on commercial assets. 

“We have been very impressed with how quickly we were able to tie things up and are already in the process of working towards completion on two further large cases with YBS Commercial in the coming months.”

Matt Barlow, relationship director at YBS Commercial, who oversaw the deal, commented: “It was a great pleasure to work on this application.  

“Mesa made things as easy as possible by providing all the required documentation from the outset. 

“Credit also goes to our internal teams who played pivotal roles throughout the process to ensure a timely completion date.”

Leave a comment