Commercial mortgage broker - any recommendations ?

[Byzantium]

I want to buy a few retail outlets which are already tenanted but where I would be happy to input my own retail unit should the current tenant leave or be removed.

However, my main bank (Barclays) has no appetite for this until we have 5 or 6 units and I intend to buy them one by one, or perhaps two together if from the same vendor etc.

I chased down a contact at HSBC and they aren't interested in this market at all.

I can buy one or two from cash but I don't want to as I think I'll run out of liquidity before Barclays will step up and we can refinance.

I have been advised to speak to a broker but what sort of broker and I have no recommendations, hence this post.

Any suggestions ?

 

[WaveJumper]

Speak to your broker & tax advisor whats your pension pot looking like for commercial property investment

 

[Mark T Jones]

@Gordon - Commercial Finance is the man to talk you (if he still hangs out here, now he's award winning)

Otherwise, be sure that you are talking to a broker who really understands the market you are in not some generalist broker who claims to do everything.

As @WaveJumper says, get independent tax advice - mortgage brokers aren't tax advisors

 

[Lisa Thomas]

I want to buy a few retail outlets which are already tenanted but where I would be happy to input my own retail unit should the current tenant leave or be removed.

However, my main bank (Barclays) has no appetite for this until we have 5 or 6 units and I intend to buy them one by one, or perhaps two together if from the same vendor etc.

I chased down a contact at HSBC and they aren't interested in this market at all.

I can buy one or two from cash but I don't want to as I think I'll run out of liquidity before Barclays will step up and we can refinance.

I have been advised to speak to a broker but what sort of broker and I have no recommendations, hence this post.

Any suggestions ?

Yes - I know some businesses who can help here-please dm me for recommendations.

 

[Gordon - Commercial Finance]

@Gordon - Commercial Finance is the man to talk you (if he still hangs out here, now he's award winning)

Otherwise, be sure that you are talking to a broker who really understands the market you are in not some generalist broker who claims to do everything.

As @WaveJumper says, get independent tax advice - mortgage brokers aren't tax advisors

Thanks Mark - I do still lurk about here sometimes!

I want to buy a few retail outlets which are already tenanted but where I would be happy to input my own retail unit should the current tenant leave or be removed.

However, my main bank (Barclays) has no appetite for this until we have 5 or 6 units and I intend to buy them one by one, or perhaps two together if from the same vendor etc.

I chased down a contact at HSBC and they aren't interested in this market at all.

I can buy one or two from cash but I don't want to as I think I'll run out of liquidity before Barclays will step up and we can refinance.

I have been advised to speak to a broker but what sort of broker and I have no recommendations, hence this post.

Any suggestions ?

Commercial mortgage would be the best option I reckon from the info given, but HSBC and Barclays aren't going to be interested at this level, as you have already discovered. A specialist lender is what you would need really - whoever gave the advice to speak to a broker is one of the good guys by the sounds of it.

Happy to have a chat and if I can help then I will, but if its not in my purview I can recommend plenty more who are more knowledgable, if not quite as "award-winning" as me!

 

[Byzantium]

Speak to your broker & tax advisor whats your pension pot looking like for commercial property investment

I don't want them in a pension.

 

[Byzantium]

@Gordon - Commercial Finance is the man to talk you (if he still hangs out here, now he's award winning)

Otherwise, be sure that you are talking to a broker who really understands the market you are in not some generalist broker who claims to do everything.

As @WaveJumper says, get independent tax advice - mortgage brokers aren't tax advisors

I don't have a "broker" as I have never needed one and wouldn't want one now if I could in any way avoid it.

I have a tax strategy in place.

 

[WaveJumper]

Sometimes needs must to find the right route to "market" especially with commercial finance options