Reading Commercial Mortgage Case Studies
Representative Reading commercial mortgages we've placed recently, product type, lender, pricing and the reason the file landed where it did.
Forbury and Market Place
Forbury Place Professional Services Floor
Mid-tier law firm purchasing their 8,400 sq ft floor
£2.6M facility at 65% LTV
- Funded by Lloyds Commercial Banking, 8.1% pa
- 20-year term on capital-and-interest
- Released the firm from a rising rent review and locked in cost certainty
Reading City Centre and Broad Street
Station Hill Ground-Floor Retail Investment
Two retail units beneath a new mixed-use building near Station Hill, both let to national covenants
£1.85M facility at 70% LTV
- Funded by Shawbrook, 8.3% pa, 15-year term
- Rental cover (ICR) at 165% on stressed pay rate
- Drew down 6 working weeks from packaging to completion
Caversham and Thames-side
Caversham Road Shop with Flats Above
Caversham Road parade unit, ground-floor convenience store with three flats above
£690K facility at 72% LTV
- Funded by InterBay Commercial, 8.6% pa
- Blended residential and commercial valuation
- Borrower used existing rental track record to support the file
Whitley and Northumberland Avenue
Whitley Light-Industrial Owner-Occupier
Specialist precision-engineering firm buying their 14,000 sq ft unit off Northumberland Avenue
£1.4M facility at 70% LTV
- Funded by NatWest Commercial Banking, 7.9% pa
- 20-year term, capital-and-interest
- DSCR comfortably above 1.5x on three-year trading accounts
Caversham and Thames-side
Caversham Independent Restaurant
Established independent restaurant operator buying the freehold of their Church Street premises
£525K facility at 65% LTV
- Funded by Cynergy Bank, 8.9% pa, 15-year term
- Loan supported by adjusted EBITDA and goodwill on a going-concern basis
- Released the operator from an above-market lease
Tilehurst and West Reading
Tilehurst Buy-to-Let Portfolio Refinance
Four-property mixed portfolio (two HMOs, one shop-with-flat, one standard BTL), consolidating across two legacy lenders
£1.95M facility at 73% LTV
- Funded by LendInvest, 8.4% pa, 5-year fix
- Single facility replacing four separate loans
- Released c.£180K of equity for the next acquisition
Case studies are representative examples. Names and identifying detail are anonymised at the borrower's request. Lender attributions reflect deals placed within the past 24 months.
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