Page 37 - Demo
P. 37


                                    Product types Bridging, development, mezzanineCharges 1st, 2ndFunding model Diverse sources of capital from multiple major institutions, funds, family offices, HNWs and private investorsFCA regulated YesInterest range Bridging from 0.75% pcm; development from 0.75% pcm; and mezzanine from 1.33% pcmFixed/variable interest Fixed: all loans are fixed rate and not linked to any other rate, giving certainty of no price increases during the loan termTreatment of interest + default interestRolled, retained and serviced. Higher rate capped at 1.25%Sectors Residential, mixed use, investment, development, commercial to residential conversion, land with planning, permitted development and bridgingMax LTV 75% for serviced; 70% for rolledMax LTGDV 70%Max LTC 100%Min & max loan term 6–24 monthsMin & max loan size £100,000 to £10m+Min property value N/AValuation retypes YesRental calculations + exposure N/AGeographic lending areas Throughout the UK: England, Northern Ireland, Scotland and WalesTypes of valuation accepted Retypes, Red BookNew builds YesHeavy refurb YesGrade listed buildings YesGreen/sustainable product Yes, having successfully funded a number of developments that incorporated sustainable practices, CrowdProperty continues to encourage project proposals from developers which adopt sustainable measures. The business recognises good sustainable development practice of its developers through an annual sustainability award.Planning permission needed No, planning gain finance available Commission rate NegotiableAssociations / charters FIBATypes of landlord accepted Ltd co, individual, first-time and portfolioUpfront fees YesBroker portal NoEarly redemption charges Yes Investment YesOwner occupied NoElectronic signatures accepted NoLending on land YesLender Index | 37
                                
   31   32   33   34   35   36   37   38   39   40   41