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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Sheltons Solicitors is a trading name of Edward Hands & Lewis Limited, a company registered in England & Wales with company number 07001422 having its registered office at City Gate House, 11 St Margaret’s Street, Leicester, LE1 3EA. The directors are Jason Hathaway, Leanne Hathaway, Andrew Robinson, Paul Stubbs and Emma Fuller. We use the word “Partner” to refer to the most senior individuals at Edward Hands & Lewis Limited and its use in connection with the business of Edward Hands & Lewis Limited should not be construed as an indication that any individual carries on business in Partnership with any other individual within the meaning of the Partnership Act 1980, or that they are personally liable to you or any other party for any acts or omissions. Individuals named as Partners owe no personal obligations to you in either contract or tort, nor does the title “Partner” mean that they have any authority to bind the firm. We are authorised and regulated by the Solicitors Regulation Authority and our registered practice number is 533589. Our VAT No. is 114080418.