Page 89 - The Index
P. 89

         Specialism/USP Mezzanine and Super Mezzanine Development Funding
  Charges 2nd and 3rd
  Funding Predominately principal money
  FCA Regulated No
  Interest Range From 16% p.a.
  Base Rate N/A
  Security Types Residential development
  Unacceptable Security Types N/A
  Treatment of Interest Rolled
  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 £200,000 - £6,000,000
  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
  Upfront fees No
  Early Redemption Charges No
  Investment No
  Owner-occupied No
  Interest-only Options N/A
  The Index | 89






































































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