^Get Commercial Mortgages for Bowling Alleys and Entertainment Venues Today

Purchase commercial mortgages are often suited to owner-operators acquiring a venue that will be used as their trading business. Lenders usually look for credible trading cash flow projections (or a trading history), an acceptable loan-to-value based on professional valuation, and a viable freehold or leasehold structure. Typical amounts can range from around £150,000 to £2,500,000, with terms commonly set between 60 and 300 months. Decision times are often around 2 to 8 weeks, depending on valuation and legal requirements.

Refinance commercial property debt commercial mortgages are for SMEs refinancing existing facilities or bringing in new funding against the same property. Lenders consider payment history, current valuation, and updated trading performance, including evidence of recovery where relevant. This is commonly used for rate-and-term changes, reducing monthly pressure, or extending terms to manage the repayment profile. Amounts can typically be around £100,000 to £3,000,000, and terms are often 60 to 300 months. Underwritten decisions are commonly 2 to 6 weeks for straightforward cases, with longer timelines where valuations or legal steps take more time.

Bridging-to-mortgage is used when acquisition or refinancing must complete before a longer-term commercial mortgage is finalised. It can support timing-sensitive deals, including bridging between exchange and drawdown, or securing a property while the exit mortgage is underwritten. These facilities are generally more expensive than standard mortgages and may come with stricter conditions. Typical amounts range from about £200,000 to £2,000,000, and the bridging period is commonly 3 to 12 months. Rates are typically higher, often around 7% to 12%+ per year equivalent, with initial decisions often around 5 to 15 working days. For more on short-term options, see bridging loans.