Page 41 - The Index
P. 41

Specialism/USP Proprietary funding, high leverage development specialists
Charges 1st, 2nd
FCA Regulated No
Interest Range Development 8-12%, bridge 0.7-1.4%, term 6.5-8.5%
Base Rate/LIBOR (floor rate Either, 0% floor if applicable)
Security Types Residential, commercial
Unacceptable Security Types N/A
Treatment of Interest – rolled, Rolled (development), retained (bridge), serviced (term) retained, serviced
Max LTV 80%
Max Loan to GDV 75%
Max Loan to Cost 100%
Min/Max Loan Term 1-36 months
Min/Max Loan Size £5m-£100m (more by negotiation)
Geographical Lending Area London and South East, regional centres, areas of high demand
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed Case-specific
Commission Rate Agreed per case
Associations NACFB, ASTL, AOBP, APL, CREFC Europe
Early Redemption Charges Agreed per case
Investment Yes
Owner-occupied No
Interest-only Options Yes
The Index | 41

   39   40   41   42   43