- 22 October 2021
- Posted by: JMT_site_admin
- Categories: Commercial Balloon Mortgage, Commercial finance
We understand that a full repayment term loan can stretch the affordability of some borrowers and so we have created a new product whereby half of the borrower can be repaid on an interest only basis, with a balloon payment at the end of the term.
We believe this product is unusual in the commercial finance market in that it allows borrowers to take up to 50% of their borrowing on a interest only basis for up to 10 years! Combined with the fact we will lend up to 80% of ‘market’ value, and this product is almost unique!
Managing Director, Chris Jones said “This product demonstrates our commitment to have a ‘personal approach’ to lending. We have identified a need, and found a solution”.