Birmingham Commercial Mortgage Illustrative Examples

Illustrative example

Mid-tier law firm purchasing their 7,800 sq ft floor in a Grade II listed Colmore Row block

£2.4M facility at 65% LTV

• Indicative pricing: 8.1% pa
• 20-year term on capital-and-interest
• Would release the firm from a rising rent review and lock in cost certainty

Illustrative example

Three converted workshop studios on Vyse Street, all let to creative-sector tenants on five-year FRI leases

£1.65M facility at 70% LTV

• Indicative pricing: 8.3% pa, 15-year term
• Rental cover (ICR) at 160% on stressed pay rate
• Typical timeline: around 6 working weeks from packaging to completion

Illustrative example

Alcester Road parade unit, ground-floor independent deli with two flats above on AST

£620K facility at 72% LTV

• Indicative pricing: 8.6% pa
• Blended residential and commercial valuation
• Borrower could use existing rental track record to support the file

Illustrative example

Specialist precision-engineering firm buying their 12,500 sq ft unit on Reddings Lane

£1.35M facility at 70% LTV

• Indicative pricing: 7.9% pa
• 20-year term, capital-and-interest
• DSCR comfortably above 1.5x on three-year trading accounts

Illustrative example

Established independent restaurant operator buying the freehold of their High Street premises

£540K facility at 65% LTV

• Indicative pricing: 8.9% pa, 15-year term
• Loan supported by adjusted EBITDA and goodwill on a going-concern basis
• Would release the operator from an above-market lease

Illustrative example

Four-property mixed portfolio (two HMOs, one shop-with-flat, one care-home support unit), consolidating across two legacy lenders

£2.05M facility at 73% LTV

• Indicative pricing: 8.4% pa, 5-year fix
• Single facility replacing four separate loans
• Would release c.£195K of equity for the next acquisition