Page 77 - The Index
P. 77

         Specialism/USP Short-term commercial finance
  Charges 1st, 2nd
  Funding Regulated fund (Jersey)
  FCA Regulated No
  Interest Range From 7.8% pa
  Base Rate N/A
  Security Types Commercial, semi-commercial, land with planning and unregulated residential property
  Unacceptable Security Types Regulated property
  Treatment of Interest Retained or serviced
  Max LTV 70%
  Max Loan to GDV N/A
  Max Loan to Cost 70%
  Min/Max Loan Term 3 months-3 years
  Min/Max Loan Size £100k-£25m
  Geographical Lending Area Great Britain & Northern Ireland
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Yes
  Mixed Schemes Yes
  Planning Permission Needed Yes
  Commission Rate Market-leading - by negotiation
  Associations NACFB
  Upfront fees No
  Early Redemption Charges Yes – for first 3 months
  Investment Yes
  Owner-occupied Yes
  Interest-only Options Yes
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