Development Exit Finance
Terms available to suit all scenarios and tailored to allow sale and refinance or a combination of the two. Exclusive Development Exit terms also available
Development and Refurbishment – 90% Loan to all Costs available – Terms available for Professional Developers & First-time Builders. 100% of costs available with funder profit share.
Commercial Mortgages – Up to 85% LTV (100% plus goodwill in some professional sectors). Rates start at 1.85% over base rate. Terms up to 30 years with Interest-Only options
Bridging and Short-term Finance – from 0.4% pcm – Available for Auction Purchases
All posts by: Omega Commercial
by Omega Commercial
in Events, Finance News, Omega News
Omega CEO honoured with the Significant Contribution Award
We are delighted that our CEO Kevin Jones, an ex director and chairman of the NACFB himself, was honoured with the Significant Contribution Award after 28 years of sterling service to the commercial finance industry.
Commercial & Business Finance across the High-Street and beyond
Whilst it’s had its challenges and obstacles, the High Street has remained a stable and reliable source of finance to support businesses of all shapes and sizes, including sometimes offering the highest debt quantum. This notion however has certainly been challenged by the pandemic…
Delivering hands-on service and tailored terms to our clients
The specialist, commercial and secured loan sectors continue to change and adapt to the world around us, and it’s our job to ensure we remain aware of these continuing policy changes to deliver bespoke terms to our clients…
Development Finance, Refurbishment and Conversion.
Throughout the pandemic, we have continued to receive high demand for development finance in all its guises, incorporating Ground-Up builds (i.e. new build), Refurbishments and Conversions. Funding to meet this demand remains available across the sector, tailoring terms to meet specific requirements.
by Omega Commercial
in Omega News
Quick Completion or bill to pay?
There are a myriad of reasons why finance can often be required in weeks or even days; Auction Purchase, Unexpected Bill, cover the cost of Property Improvements, Purchase a new property before the existing one sells, consolidate Debts. However, there are also a number of ways to raise money and meet these requirements…
by Omega Commercial
in Omega News
Case Study: Under-Market-Value Buy To Let Transaction
Client managed to secure purchase of a BTL property for £350K against market valuation of £500K.
An extended exchange period was also built into the transaction, allowing 6 week completion post-exchange plus physical access to undertake refurbishment of the property, with £50K of works further enhancing the value of the asset to £575K.
by Omega Commercial
in Omega News
CBILS Support for Development and Refurbishment
As all businesses continue to adapt and feel the effects of the global pandemic, financial solutions are available to support businesses of all shapes and sizes, including government initiatives such as CBILS or BBLS. New initiatives are now being offered to Developers through tailored schemes
by Omega Commercial
in Omega News
Still accessing market leading terms…
Whilst there continue to be restrictions in place which vastly impact lending criteria and Banks’ ability to complete on both new and pipeline transactions, we continue to progress and drawdown on new facilities across all sectors.
by Omega Commercial
in Omega News
Bridging Finance still available
Bridging Finance still available – Omega continue to work with Bridging lenders during the Covid-19 crisis and are still placing funding with them.
