Page 49 - The Index
P. 49

commercial finance
Specialism/USP Self-funded bridging and development lender
Charges 1st
FCA Regulated No
Interest Range From 0.8% pcm
Base Rate/LIBOR (floor rate N/A if applicable)
Security Types Property, land, development, commercial, mixed-use HMO
Unacceptable Security Types None
Treatment of Interest – rolled, Rolled, retained, serviced retained, serviced
Max LTV 70%
Max Loan to GDV 70%
Max Loan to Cost 70%
Min/Max Loan Term 1-18 months
Min/Max Loan Size Up to £750k
Geographical Lending Area UK-wide
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed Yes
Commission Rate 50% of acceptance fee
Associations NACFB
Early Redemption Charges Minimum interest period charged
Investment Yes
Owner-occupied No
Interest-only Options Yes
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