Page 93 - The Index
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Specialism/USP Mezzanine and super mezzanine development funding
Charges 2nd, 3rd
FCA Regulated No
Interest Range From 16% pa
Base Rate N/A
Security Types Residential development
Unacceptable Security Types N/A
Treatment of Interest – rolled, Rolled retained, serviced
Max LTV 75% for mezzanine, 80% for super mezzanine
Max Loan to GDV N/A
Max Loan to Cost 90% for mezzanine, 95% for super mezzanine
Min/Max Loan Term 12-24 months
Min/Max Loan Size £200k-£6m
Geographical Lending Area Nationwide
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed Yes
Commission Rate From 1%
Associations N/A
Early Redemption Charges No
Investment No
Owner-occupied No
Interest-only Options N/A
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