Page 21 - The Index
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                 Specialism/USP Specialist development finance
  Charges 1st, 2nd
  Funding Mezzanine and bridge-to-mezzanine development finance
  FCA Regulated No
  Interest Range Mezzanine facilities from 15% per annum, bridge to development from 12% per annum
  Base Rate N/A
  Security Types Development; residential (for sale and PRS), healthcare, hotels, student accommodation, commercial, mixed-use and
light industrial
  Unacceptable Security Types Prime and single units
  Treatment of Interest Rolled
  Max LTV 70%
  Max Loan to GDV 70%
  Max Loan to Cost 85%
  Min/Max Loan Term 12-36 months
  Min/Max Loan Size £3m-£15m per single development project, larger facilities available for multiple projects
  Geographical Lending Area England, Scotland and Wales
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Yes
  Mixed Schemes Yes
  Planning Permission Needed No
  Commission Rate Negotiable
  Associations N/A
  Upfront fees Yes
  Early Redemption Charges No
  Investment No
  Owner-occupied No
  Interest-only Options No
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