Loan Amount

£1,000,000 to £50,000,000

Security

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

Asset Type

Self storage | Car parking & Truck stops | Roadside & Automotive | Pubs & Inns | Fitness & Leisure

Loan Uses

Acquisition | Portfolio stabilisation/ refinance | Growth finance | Light refurbishment

Property Tenure

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

Max LTV

Up to 65% of the lower of the 180 day value or the purchase price of the property

Max LTC

Up to 85% of the total project costs

Loan Term

6 - 36 months (interest to be fully serviced after 24 months)

Locations

Prime Central & Greater London, core regional cities, strong commuter towns & key growth areas across England & Wales. Crown dependancies also considered

Interest

From 6.50% over BBR

Treatment of Interest

Fully retained, part retained or serviced monthly

Arrangement & Exit Fees

Arrangement fee - from 1.00% of loan facility | Exit fee - from 1.00% of loan facility

Guarantees

Generally speaking but loan dependent a personal or corporate guarantee equal to at least £750,000 or 25% of the loan amount (whichever is higher) will usually be required by the UBO’s

Conditions

Borrower must have hard cash equity invested in the asset

Borrower must have at least 2 years relevant experience in real estate 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 £5m