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A commercial mortgage is similar to a residential mortgage in that funds can be borrowed over a long period of time, usually a maximum of 30 years, secured by a first charge on the property being bought.

In taking first charge, the lender is first in the queue to recover any debt if the property ever needs to be sold. This could happen because the mortgagee wishes to move on and sells, or perhaps has defaulted on the repayments causing the lender to foreclose.

If a first charge business mortgage already exists, it is common for different lenders to advance money secured by way of a second charge which puts that lender as second in the ‘security queue’.

Unlike residential mortgages, nearly all commercial mortgages are variable rate loans which vary in line with the Base Rate set by the Bank of England’s Monetary Policy Committee. So, if a lender offers terms which include an interest rate of say ’2% over base’ then a base rate of 4.5% would result in an interest rate of 6.5% being applied to the loan.

Some lenders will link their interest rates to LIBOR, which is the London Inter Bank Offered Rate. LIBOR is published daily in the Financial Times and can be found on a variety of other financial websites.

Commercial Mortgages can be secured against most types of freehold or long leasehold properties, such as shops, pubs, care homes, restaurants, office buildings, industrial factory units and more. Applying for a commercial mortgage is very much like that of a residential mortgage except that the maximum that can be borrowed is 60% of the assessed Market Value, although one or two lenders will advancelend up to 75% depending upon the proposal.

These percentages are known as the Loan-to-Value ratio, or LTV. A lower LTV means that the risk to the lender is reduced. The higher the LTV, the greater the risk to the lender and it is likely that a higher interest rate would be charged.

Lenders will not generally advance above 75% LTV to ensure that there would be enough security in the event of a forced sale, perhaps through auction when it is expected that property will sell at a discounted rate. When looking for a commercial mortgage it is advisable to shop around for the best deals and to use a specialist commercial finance broker who will possess the necessary expertise to advise you accordingly.

ENCANTADA at Wild Horse Canyon, is a development offering the best in planning, construction, quality and amenities that can be found anywhere in Southern California.Wild Horse Canyon is in Simi Valley, Ca. and is part of the prime Simi Valley CA real estate market.

Davidon is famous in Southern California for their innovational designs, layouts and quality construction and care which is evident to the smallest detail, and to hand craftsmanship in “old world tradition”.This is an exclusive collection of luxury homes, located on prime Simi Valley Real Estate.The extraordinary community features new homes, thoughtfully designed and architecturally distinctive, sitting on spacious home sites averaging 1/3 acre or more, many with breathtaking valley and mountain views.These wonderful new residences are overlooking the valley and are surrounded by open space, rolling green hills, mature citrus orchards to the north and west, old gracious oak trees that have stood and survived for dozens of years.

The residents of ENCANTADA love the peaceful setting, seclusion, tranquility and commuter friendly conveniences of living in a Simi Valley new home.The ENCANTADA lifestyle features beautiful shaded and lush landscaped parks, swimming pools, picnic areas and will feature the largest web of equestrian trails anywhere, along with bike trails, hiking trails, and beautiful old walkway trails meandering along old abandoned two lane highways, dirt roads, leading through old riverbeds and crossing flowing brooks with their waters flowing down to the Pacific.

The elegant homes feature innovative designs, timeless and trusted craftsmanship and unmatched attention to detail throughout.The plans offer 4-5 optional garages, libraries, RV parking, optional guest houses and other amenities that are not available anywhere else. ENCANTADA offers floor plans and designer options, which allow today’s more sophisticated homebuyers to express their creativity and personalize the design of their new home. This investment into a Simi Valley home cannot be matched anywhere for value and fast appreciation

Today’s homeowner or home remodeler is interested in more than just function when selecting the design and accessories for each and every room This includes the bathroom, which is now often viewed as a retreat, a mini-spa within the home. The choice of bathroom cabinets is a plentiful choice of paint colors and cabinetry is now much more than a place to stuff the towels and tissues.

Did you know that sink cabinet options come in three main styles?  Basic cabinets such as over the commode units and linen storage, stand alone vanities involving the sink, and suite-type cabinetry, designed to match or carry the theme of fixtures or even other home cabinets into the bathroom. When looking at these three different types, you will have to pick the one that you think will work best with your personality and design.

Going online to explore the many cabinet options available is a good way to start your selection journey. Be careful to remember that the ultimate goal of your choice is to house bathroom necessities such as towels and other linens, but also odd-shaped items like beauty products, hair dryers, shavers, medications and cleaning supplies. Luckily for today’s online shoppers, many bathroom cabinetry choices now offer built in organizers.

A couple of trendy items in bathroom cabinets are built in lighting features and cabinetry that looks more like furniture. Strong lighting is important in a bathroom and cabinet lighting options include tiny little lights illuminating the cabinet rails or lighting inside the actual storage areas. Furniture type cabinets are especially popular as a replacement for the old school sink and vanity. They can come in any type of wood from cherry to oak to pine.

Your choice of white bathroom cabinets is as personal as your choice of any other home furnishings. Gone are the days when the only option was the rickety old plastic or wicker unit that was precariously placed above your toilet. Take some time to go online and shop around for the cabinets that meet your functional and design needs.

Click here for designer bathroom furniture.