Loan Sizes

Single Property Assets : £500K - £3m

Portfolio Properties/Blocks £500K - £6m

Security

1st and 2nd legal charge over the Property/Properties

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

Commercial

60% (typically look at 180-days VP value. If the property is fully let with long-term contracts, may consider 180-day MV)

Mixed Use

65% (combination of residential & commercial properties. Residential should be at least 50% of the mix)

Loan Term

3 - 18 months (Maximum 3 month extension)

Locations

England & Wales | London - within M25 area

Major cities within the UK with population of 300k or greater

Interest

From 0.97% per month

Treatment of Interest

Fully 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