Capitas Finance | Premises Fit Out

Commercial Mortgage

With access to the UK’s leading commercial mortgage lenders, we are able to match your needs to the most appropriate source, and obtain a wide range of innovative and competitive commercial mortgages, secured against: investment property, offices and factories, warehouses, hotels, bars and restaurants, care homes and professional practices.

Commercial mortgages can be arranged for major construction works, modernisation, acquisition of new land or facilities, sale & leaseback on freehold premises, refinancing of existing mortgages, and more. Facility structures can also encompass and support management buy- outs, corporate acquisitions, short- term bridging and development. We can be exceptionally flexible when it comes to terms, amortisation schedules and payment options.

All commercial mortgage cases are supported by professionally prepared credit applications, significantly enhancing the chances of you securing the optimum deal structure.

Capitas can help with:

• Expansion
• New Buildings
• Renovation
• Remodelling Loan Consolidation
• Site Improvements
• Land Acquisition
• Rebuilding
• Modernisation
• Refinancing of Existing Mortgages
• Environmental Site Assessments & Repairs

Hire Purchase

What could be easier? 

Hire Purchase is a straightforward repayment facility that enables you to ultimately own the assets that form part of the fit-out or refurbishment. The cost of the equipment can be spread over its useful working life and paid for out of the revenue it earns. Payment patterns can be tailored to suit individual needs, generally involving a deposit followed by a series of periodic instalments.

Benefits of Hire Purchase:

• With ownership you have total control over the equipment
• Ownership normally carries the potential for claiming writing down allowances and/or capital grants
• VAT on the cost of the assets is normally reclaimable
• Fixed or variable interest rate - you make your own assessment and choose accordingly
• The interest element of repayments can normally be offset against taxable profit
• The asset appears on your balance sheet

Commercial Loan

Capitas treads where other funders fear to go

It is a fact that the number of asset finance providers in this area is limited - and so are their capabilities and offerings. This facility structure is generally used to finance buildings remedial works and professional services.

Capitas stands apart, offering credit-qualified clients a long-term financing strategy with flexible funding options and competitive rates that can help manage risk, improve cash flow and reduce costs. With a commercial loan, you can hold onto your cash longer and use it for other investments - or simply use the facility to provide a financial cushion.

Payment can be made either directly to you in full, or alternatively, to the supplier(s) or building contractor. Whatever you purchase belongs to you. The advance is typically unsecured and not tied to your debtor book or a fixed asset.

Benefits of Commercial Loan:

• Turn large upfront soft costs into affordable monthly payments
• Match cost outlays to projected benefits
• Improve budget management with predictable costs
• Increase return on investment (ROI); lower total cost of ownership (TCO)
• Accelerate project approval and implementation
• Preserve cash and credit lines for more strategic investments
• Fixed rate agreement allowing you to budget with certainty

Finance Lease

All the benefits of ownership without the burden

A Finance Lease agreement gives you the full use of the equipment for an agreed period of time for an agreed periodic rental. This is a popular flexible method of funding a broad array of equipment. It offers all the practical benefits of ownership without any of the potential burdens.

Benefits of Finance Leasing:

• Flexible repayment structures give you immediate and full use of the assets for a minimal outlay
• Rentals can be structured to reflect cash-flow requirements
• Fixed interest rate provides certainty of repayments and assists budgeting
• Rentals can be offset against taxable profit
• VAT is paid on the rentals not the purchase price
• The lessor claims writing down allowances, and these are reflected in the rentals you pay
• Retains existing credit lines and gives you a new source of credit for current and future needs
• Eliminates risks and costs associated with disposing of equipment at the end of its useful working life

Benefits of Capitas

Capitas has an intimate knowledge of working environments, and unlike some lenders, we’ll fund up to 100% of the total costs of a premises fit-out or refurbishment.

We are also happy to fund individual pieces of office furniture or re-finance equipment already in situ via sale & leaseback. Typical funding terms are up to five years with fixed or variable rate options. We can finance the following items although this list is not exhaustive:

• Fixtures & Fittings including furniture, partitioning, lighting, display units, audio visual equipment, cladding, signage, mezzanine flooring, racking systems, stop barriers, gates
• Mechanical & Electrical Items including heating systems, air conditioning units, electrical power units, intruder systems, fire detection systems
• Green Energy Efficient Equipment including solar panels, wind turbines, heat pumps
• Technology including cabling, networks, telecoms, call centre systems, & any other IT & Hi-Tech. equipment
• Building remedial works and professional services 

Why you should choose Capitas as your premises fit-out financing partner?

Simply, it’s because we offer you:

• Asset class expertise – our people are senior ‘hands-on’ professionals who understand the different types of assets that go into an office working environment; the dynamics of these assets, their values, their working life
• Smart solutions – we address the complexities of staged equipment delivery and installation; suppliers are paid on satisfactory delivery of their products and services whilst your finance agreement is not activated until the whole project has been successfully completed
• Tax based financing – we’ll address preferences for on or off balance sheet funding and advise on how this choice will affect your tax position
• Flexible finance – short term interim finance facility followed by a medium term funding facility with options for purchase, lease and rental solutions for you to choose from
• Complete supplier independence - you are not tied in to any vendor’s products and services allowing you to acquire your assets at the best price, from the suppliers or building contractor that best meet your needs
• End of term clarity – we offer straightforward options with ‘no suprises’ when the finance term ends
• Lifetime relationships – we put great value on building strong relationships and communicating with our clients; our aim is to support your business growth and become your one-stop funding partner

Project Finance

Project finance provides an on-demand financing facility that matches the scope and duration of your premises fit-out or refurbishment ... and your finance agreement start date is deferred until the project is successfully completed!

This facility is specifically designed to help customers manage particularly large or protracted premises fit-outs or refurbishments with equipment coming from multiple suppliers or a single contractor.

At the outset of the project, you and your supplier(s) or building contractor, agree with Capitas the likely duration of the project and the approximate total contract value. These facts are then used as the basis to arrange both an ‘Interim Finance Facility’ for the project period and the finance contract to accommodate the completed equipment installation. The interim arrangement then allows you to commence the project, secure in the knowledge that the equipment vendor(s) can be pre-paid throughout the delivery and installation phase. Interest payments due on equipment delivered before the end of the project can be conveniently rolled into a periodic payment as part of the finance agreement.

You can concentrate on managing the project, as opposed to managing numerous finance agreements with varying payments and end dates.

You also get the equipment on a ‘have now, pay later’ basis and need not utilise valuable capital to make deposit payments.

• Particularly useful for large single or multi-site installations with purchases made over a protracted period
• Interest payments due on equipment and services deliveries over the duration of the project period are rolled into the finance arrangement
• One single finance agreement commences at the end of the project once the equipment has been successfully delivered and is in working order
• Interim facility period of typically between 3 months to 1 year followed by a finance agreement term typically over 3 to 7 years depending on asset type

Premises Fit Out

Capitas offers many years of hands-on experience in helping private and public sector organisations fund premises fit-outs and refurbishment.

Office equipment and in certain cases professional services and building remedial works can be bundled into a consolidated finance agreement with flexible terms aligned to the new working environment. This enables projects to become self funding, and adapt to changing needs. Capitas can co-ordinate payment terms with the achievement of project milestones and deliver a financing structure that is both predictable and in accordance with tangibly realised benefits.  Investments in working environments increase clients’ propensity to finance because projects of this nature require considerable up-front spending. In addition, appropriate funding enables customers to:

• Match payments with the realisation of business benefits from infrastructure initiatives
• Conserve cash for use in other parts of the business operation
• Simplify financial management of complex projects of this nature