Page 103 - The Index
P. 103

        Specialism/USP Joint venture / 100% development finance
  Charges 1st, 2nd
  Funding 100% property development and joint ventures
  FCA Regulated No
  Interest Range N/A
  Security Types Residential
  Treatment of Interest Rolled
  Treatment of Default Interest N/A
  Max LTV N/A
  Max Loan to GDV 73%
  Max Loan to Cost N/A
  Min/Max Loan Term Up to 18 months
  Min/Max Loan Size No min-£3.5m
  Geographical Lending Area Mainland United Kingdom
  Types of valuation accepted No valuation needed
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Yes
  Mixed Schemes Yes
  Planning Permission Needed Yes – outline as minimum
  Commission Rate 1% broker / 1% arrangement
  Associations N/A
  Upfront Fees Yes – site visit fee
  Early Redemption Charges No
  Investment N/A
  Owner-occupied N/A
  Interest-only Options N/A
  The Index | 103

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