Mortgages

Search

Due to a large volume of interest, several Bulgarian banks offer Commercial Mortgages to non-local individuals which makes purchasing a property in Bulgaria even easier. CommercialPropertyBG. have partnered with First Investment Bank, one of the biggest Bulgarian bank providing the best bank services, offer you Mortgage with exclusive conditions and requirements:

We can negotiate with the bank on your behalf leaving you free to conduct your business here in Bulgaria. Each case for Commercial mortgages is dealt with on a case by case basis and every customer is different so please be aware of this from an Investors point of view.

Commercial Mortgage Loan for Non Locals

Eligible Borrowers	Every able local or foreign citizen (if the acquired property is a plot or comprises ideal parts of a plot, a local citizen should acquire the property)
Maximum loan amount	The maximum amount of the loan depends on the needs demonstrated by the client, their sources of redemption and the amount of collateral.
Currency	EUR, USD, BGN
Maximum term	240 months
Loan purpose	Acquisition of a real estateInterest only period - (a period when borrower pays only interest) Up to 6 months
Minimum down payment	20% of the market valuation of the property 30% of the market valuation of the property if it is not fully completed
Collateral	Mortgage on a property
Interest rate	5.99% (BIR/ EURIBOR/LIBOR plus points) for the first year from 8% (BIR/ EURIBOR/LIBOR plus points) - more than 30% down payment from 9.5% (BIR/ EURIBOR/LIBOR plus points) - from 20% to 30% down payment
Penalty interest rate(in case of overdue payments)	Interest rate agreed + 20 points
Utilization	According utilization plan
Repayment	Equal monthly instalments during the whole loan term, after interest-only period
Loan application and processing fee	50 EUR
Management fee	2%
Early repayment charge	2 % / 5 %
Commitment fee	0.5 %
Renegotiation fee	1.5 %
“Life” insurance - option	Paid by the Borrower
“Property” insurance	Paid by the Bank

New Offers

	AREA	PRICE
Land with face 45m on highway to Burgas Suitable for various business Development Land For Sale in location not specified, Bulgaria.	4000 sq. m.	40000 €
A plot of land which has frontage on the Ring Road of Sofia the plot is also close to Svetovrachene Development Land For Sale in Sofia, Bulgaria.	1000000 sq. m.	61 €
A plot of land with frontage on the Ring Road of Sofia The plot is suitable for warehouses, logistics centres or manufacturing Development Land For Sale in Sofia, Bulgaria.	80000 sq. m.	61 €
A plot of land on Obikolna Boulevard. the size of the plot varies between 20 000 and 50 000 sq. m. Development Land For Sale in Sofia, Bulgaria.	51711 sq. m.	125 €
A plot of land on Obikolna Boulevard suitable for warehouses The plot has 55 m frontage on the boulevard Development Land For Sale in Sofia, Bulgaria.	21711 sq. m.	160 €
industrial regulated plot for sale, close to all main roads in the region regulated industrial plot in Pernik 42000m2, 16km from Sofia Factory For Sale in Sofia, Bulgaria.	42000 sq. m.	1932000 €
office building for sale, top center of Sofia , fully finished Luxury office building type A, excelent common parts, parking places, Office For Sale in Sofia, Bulgaria.	1220 sq. m.	4,100,000 €