Trying to build a property portfolio? You’ll recognise these frustrations

Pepper Money has a new commercial offering to professional landlords and investors

You’re a professional landlord – you’ve got a plan for your portfolio, know where you’re going but can’t find a lender who’ll go there with you. Opportunities arise that could really work, but as soon as you look for finance everything slows down. Why can’t lenders be more nimble? Why can’t they see the opportunity you see?

We’ve highlighted some of the common frustrations professional investors experience when applying for commercial property finance.

It’s like watching paint dry!

What happens to an application once it goes into the banks? It feels like the case gets dragged through committee after committee until you’ve almost lost the will to live. If only there was a lender who was ready to help investors grasp opportunity when it presents itself.

I’ve tied up my cash in a previous purchase

You’ve used your free cash to add to your portfolio and another opportunity to expand has appeared. If you could release sufficient equity from an existing property the deal might work, but the finance amounts available simply don’t. If only there was a lender who may be able to offer realistic finance that helps you expand your portfolio.

I’ve improved the property but they ignore that increased value!

Not only that, you’ve spent time and money improving the property, but find this increased value isn’t looked at when it comes to releasing funds for that next purchase. Is there a lender out there who’ll take a reasonable view of increased value?

Ian Wigglesworth, Head of Commercial Property Finance at Pepper Money, has used this list as inspiration for the brand's new commercial offering to professional landlords and investors.

‘We built a product directly informed by the frustrations a lot of customers have when applying for property finance. As a result, we’ve delivered features like loan amounts that start at just €250,000 and run right up to €7.5m, loan terms of up to seven years, repayment profiles of up to 25 years as well as finance for people or companies with previous credit issues.’

For anyone tired of traditional lenders and traditional thinking, Pepper Money think they have the answer. To find out more about progressive criteria, quick decisions and smooth execution visitpeppermoney.ie/commercial today.

Warning: If you do not meet the repayments on your credit facility agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.

Warning; The cost of your repayments may increase.

Warning: This new credit facility may take longer to repay than your previous credit facilities. You may pay more than if you paid over a shorter term.

Lending terms and conditions will apply. Security and insurance may be required. Pepper Finance Corporation (Ireland) DAC, trading as Pepper Money is regulated by the Central Bank of Ireland.