Lenders appraise every borrower on a case-by-case basis, and rates will be different for every deal. What a lender will charge you will depend on the size of your loan, the type of commercial property you are buying, how much deposit you put down, the complexity of the overall transaction and the risk for the lender.
As with any type of lending, the key to securing the best commercial property finance rates is to present your situation in the most favourable light. What you may lack in cash flow you may make up for in assets and vice versa.
Where your property is located may also play a part in what you pay. There are now many different specialist commercial property financial companies focusing on particular types of property, specific size companies, and even specialising in regions such as London, for example. Your broker will be aware of all the lenders in the market and their inclinations, specialisations and the rates they offer for certain types of property or transactions. When Enness knows of a lender that has a preference for a commercial property purchase you are making, these providers will be Enness' first port of call.
Your business's financial track record will also influence what you pay. A successful company that has turned a YoY profit for five years and is looking to grow by moving into new premises may be able to command lower rates than businesses with a less solid track record or who have been operating for less time.