Loan Amount

£500k to £50m

Security

1st and 2nd legal charge over the Property and the borrower

Asset Type

Office | Mixed use | Hospitality | Industrial

Loan Uses

Acquisition | Refinance | Light refurbishment & Capex | Rolling asset refurbishment | Development holding or asset stabilisation | PBSA stabilisation

Property Tenure

Freehold or long leaseholds (+125 years remaining on the lease, subject to our valuer’s comments)

Max LTV

Up to 70% of the lower of the 180 day value or the purchase price of asset

Loan Term

3- 12 months (option to extend by 3 months subject to lender agreement/maximum term 15 months)

Locations

Prime Central & Greater London, core regional cities, strong commuter towns & key growth areas across England & Wales

Interest

From 1.15% per month fixed

Treatment of Interest

Fully retained, part retained or serviced monthly

Arrangement & Exit Fees

Arrangement fee - from 1% of loan facility | Exit fee - loan dependent

Guarantees

PG’s required for all lending

Conditions

Borrower must have hard cash equity invested in the asset

Borrower must have relevant experience in commercial investment

Property must currently hold an EPC C or higher or provide evidence that the property will hold an EPC C or higher after the works to the property are complete

Second charges considered for properties valued above £500k