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
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
2 | Application
3 | Valuation
4 | Legals
5 | Completion
- 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.