Borrow

Asset Location:
United Kingdom

Asset Class:
Multi-unit residential, PRS, mixed-use, student accommodation, care home, healthcare, commercial and hotel are all considered

Planning Permission:
We can take into account sites without planning or requiring planning enhancement

Facility Amount:
Facilities from £400,000 to £50m per project.

Loan to Value:
Equity: Up to 95%
2nd Charge Mezz: Up to 80%
1st Charge Senior : Up to 65% 

Term:
3 month minimum

Interest Rate:
Senior from 6% and Senior/Mezz blended rate from 10%pa

Fees:
Application: 2-3%
Exit: 1-3%

Security:
First & Second Charges and debenture

Guarantees:
Considered on a case-by-case basis, though we normally seek a personal and corporate guarantee

---

Process

1 | Enquiry

• Send an enquiry to our deal team email.
• Passed to underwriting for initial assessment.
• If approved, Offer Letter and Application Form are issued.

2 | Application

• Complete and sign application form.
• Pay valuation fee.
• Provide information requested.
• Due diligence carried out.
• Underwriting review.
• If approved; solicitors and valuer instructed.

3 | Valuation

• Valuer carries out valuation.
• On receipt of the valuation report our underwriters will conduct a full case assessment.
• If the property valuation does not match the value initially stated on the application documents, we may update the Offer Letter.

4 | Legals

• Before any legal work begins, our solicitors will need an undertaking from your solicitor.
• Once all legal requisitions are satisfied, we are able to start arranging completion of your loan.

5 | Completion

• After final underwriting checks have been made, your funds will be sent to our solicitors.