Alternative Bridging Corporation has introduced a new subsidiary, Alternative Commercial Mortgages (ACM), aimed at providing long-term commercial mortgage solutions to brokers and their clients. This launch is significant as it offers a streamlined approach to commercial lending, catering to property investors and commercial owner-occupiers seeking flexible funding options.
What types of properties do ACM mortgages cover?
ACM’s mortgage products are designed for a variety of property types, including commercial, semi-commercial, and residential buy-to-let properties. This includes offices, industrial units, retail spaces, and mixed-use premises, making it a versatile option for landlords and investors. Loans can be used for purchase, refinancing, or capital raising, with a maximum loan-to-value (LTV) ratio of 75%.
How does ACM simplify the commercial mortgage process?
ACM aims to demystify commercial-term lending by offering straightforward product options alongside flexible underwriting criteria. Brokers will benefit from a dedicated portal to submit and manage applications, ensuring they can support their clients effectively throughout the process. This approach is designed to enhance communication and provide clarity on what lenders can offer, reducing the complexity often associated with commercial mortgages.
What this means for brokers and property investors
For brokers, ACM represents an opportunity to access a simplified lending process that can help them serve their clients better. The availability of fixed and discounted variable-rate options, along with interest-only repayment structures, allows brokers to tailor solutions to their clients’ specific needs. Property investors and commercial owner-occupiers will find ACM’s offerings appealing due to the long-term funding solutions that can support their investment strategies.
Frequently asked questions
What are the loan terms available with ACM?
ACM offers loan terms ranging from five to 30 years, providing flexibility for various financing needs.
How can brokers access ACM’s services?
Brokers can access ACM’s services through a dedicated broker portal that facilitates case management and communication throughout the application process.