One of the most important questions to consider when buying a commercial building is how will the purchase be funded.
More often than not, the acquisition of commercial property is assisted, at least in part, by borrowing from a bank which is then secured by way of a legal charge over the property.
We have the expertise in advising on secured lending, including summarising the key components of the charge documentation and ensuring that you are aware of what dealings you may need to obtain the lender’s consent for. Further, we can help you satisfy any pre-conditions for the loan and ensure that funds will be available to draw-down on your target completion date.
We also have experience in dealing with collateral security, such as personal guarantees and debentures.
For advice and support on secured funding for commercial property purchases, contact our specialist commercial property solicitors in Bulwell and Hucknall.
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