Commercial Mortgages for Bad Credit

Table of Contents
    Add a header to begin generating the table of contents

    Looking for a commercial mortgage with bad credit? One Commercial can give you access to a team of specialist mortgage brokers to secure the funding you need fast.

    Welcome to One Commercial Loans, specialist commercial finance for bad credit

    At One Commercial Loans, we know how important it is to secure quick and competitive funding, even more so if you have evidence of adverse credit problems.

    We don’t believe that past financial difficulties shouldn’t hinder your aspirations, so we work with a team of experts who specialise in providing commercial investment mortgages tailored to individuals and businesses with less-than-perfect credit histories.

    Why choose One Commercial Loans?

    Specialist Expertise: Our team of specialist mortgage and commercial brokers have extensive experience in working with clients who have adverse credit. They have a deep knowledge of the lending landscape and can navigate complex financial situations to find viable solutions for your commercial mortgage needs.

    Customised Solutions: We recognise that every situation is unique, and a one-size-fits-all approach simply doesn’t work. Our dedicated experts will take the time to understand your specific circumstances, assess your credit challenges, and tailor a financing solution that aligns with your goals and budget. A good place to start is by assessing your credit file to see what has been registered.

    Broad Network of Lenders: We have established strong relationships with not only high street banks, but we also deal directly with an extensive network of specialist lender partners who help in providing development finance for borrowers with bad credit. Sometimes speaking with the right lender directly can get you a faster decision.

    Flexible Financing Options: The team can offer a wide range of commercial mortgage products, including fixed-rate mortgages, adjustable-rate mortgages, and bridge loans. Our flexible financing options enable you to choose the solution that best fits your needs, whether you’re looking to purchase commercial property, refinance an existing mortgage, or access equity for expansion.

    Streamlined Application Process: Mortgage applications can be lengthy, but we understand that time is of the essence when it comes to securing financing for your commercial property. Your enquiry will be dealt with quickly, and the team will guide you through each stage with ease.

    Rebuilding Credit: At One Commercial Loans, we believe in empowering our clients to improve their creditworthiness. In addition to helping you secure a commercial mortgage, we can offer valuable insights and strategies to help you rebuild your credit over time and avoid further credit issues. Our aim is to set you up for financial success, whether you are looking at funding now or have a business plan for the future.

    Exceptional Customer Service: We take pride in our commitment to delivering exceptional customer service. Your initial enquiry will be dealt with in a timely manner, and we will ensure that you receive the support you need from our broker partners from the start, right through to the satisfactory conclusion of your application.

    If you are looking for a bad credit mortgage to finance your next commercial investment, contact the experts at One Commercial Loans today.

    What are bad credit commercial mortgages?

    Bad credit commercial mortgages refer to financing options specifically designed for individuals or businesses with poor adverse credit histories.

    These mortgages are tailored to accommodate borrowers who may have experienced financial difficulties, such as late payments, defaults, CCJs, or bankruptcies, which have negatively impacted their credit scores.

    Unlike traditional commercial or business mortgages, which typically require a strong credit profile, there are specialist lenders that will offer a commercial mortgage with bad credit. They take into consideration the borrower’s credit challenges and enable them to access the funding they need for commercial use.

    How can you use a bad credit commercial mortgage?

    A bad credit commercial mortgage offers borrowers an opportunity to:

    Purchase Commercial Property: Individuals or businesses looking to acquire commercial property can secure a mortgage even with a less-than-ideal credit history. This enables them to invest in properties that can serve as income-generating assets or expand their operations.

    Refinance Existing Mortgages: Borrowers who already have commercial mortgages but are struggling to meet their financial obligations due to their credit situation can opt for refinancing options. Refinancing allows them to adjust the terms of their current mortgage to make it more manageable or secure a new loan with better terms.

    Access Equity: Businesses with existing commercial properties may have accumulated equity over time. A Commercial mortgage can provide an avenue to access this equity, enabling borrowers to clear other debts, and inject funds into their businesses for expansion, renovations, or other investment opportunities.

    It’s important to note that while adverse credit (or non-status) commercial mortgages accommodate borrowers with a poor credit profile, most lenders will mitigate the risk factor by charging a higher interest rate or imposing additional fees.

    Working with a specialist mortgage broker who is an expert in arranging commercial mortgages is crucial. They can help navigate the process, evaluate available options, and negotiate terms on behalf of the borrower with the lender to secure the best deal as a solution.

    What types of businesses are bad credit commercial mortgages for?

    Bad credit commercial mortgages are available for a wide range of businesses across various industries. Some of the businesses that can benefit from a commercial mortgage include:

    Start-ups and New Businesses: As new businesses often lack an extensive credit history, securing traditional commercial mortgages can be challenging for anyone setting up their own business.

    Small and Medium-Sized Enterprises (SMEs): Many SMEs face credit challenges due to limited financial resources or previous financial setbacks.

    Retail Businesses: Retail businesses, such as shops and restaurants, often require commercial space in prime locations to attract customers and drive sales.

    Service-Based Businesses: Businesses in the service industry, such as clinics and consultancy firms, may need commercial office space to conduct their operations.

    Manufacturing and Industrial Businesses: Manufacturing and industrial businesses often require industrial units to accommodate their equipment, machinery, and production processes.

    Property Investors: Property investors looking to expand their investment portfolios, may encounter credit challenges, particularly if they have experienced previous financial setbacks.

    What are the criteria for a commercial mortgage with bad credit?

    While eligibility criteria to get a bad credit mortgage can vary depending on the lender and specific circumstances, there are some common factors that lenders consider when evaluating an applicant’s commercial mortgage application.

    Credit report: As you would expect, your credit report and your credit history are important, but specialist lenders will also take into account your financial stability and how you are currently conducting your business.

    Property value: Many commercial lenders will evaluate the property value of your intended purchase or collateral for the mortgage. Along with the loan-to-value amount, they will consider its condition, location, and potential income generation.

    Personal guarantees: Finally, depending on the severity of your credit situation, lenders may request additional security or personal guarantees to secure the mortgage. This provides an extra layer of protection for the lender in case of default on the loan amount.

    Get a commercial mortgage with One Commercial Loans today

    If you are seeking fast funding for your next commercial property investment, but have a history of adverse credit issues, then One Commercial Loans can help.

    We work with a team of specialist brokers who will manage the entire mortgage application process on your behalf. They always ensure that lenders assess each application individually and take the strengths of the borrower into account when making their decision.

    For further information, get in touch with One Commercial Loans to explore your options with a range of specialist lenders and secure your adverse credit commercial loan fast.

    Complete our quick call back form:

    * indicates required fields

    This field is for validation purposes and should be left unchanged.
    Two businessmen shaking hands, agreeing on an auction loan contract

    About One Commercial

    One Commercial have over 100 years of property experience. At One Commercial we like to use a “one stop shop” approach, utilising the whole market to support our clients in a wide range of property related finance.Their job is to make sure that they have done the hard work by matching your situation to the right commercial lender and for the best deal.

    Would you like no obligation expert advice?
    Complete our quick contact form for a call back:

    * indicates required fields

    This field is for validation purposes and should be left unchanged.