Page 17 - The Index
P. 17

         Specialism/USP Fast, flexible and transparent bridging and development finance on facility sizes up to £10m
  Charges 1st
  Funding Balance sheet
  FCA Regulated No
  Interest Range Bridging and development from 0.75% pm
  Base Rate N/A – fixed rates
  Security Types Residential, commercial, mixed-use, investment and development
  Treatment of Interest Rolled or serviced
  Treatment of Default Interest Higher rate is applied
  Max LTV 70% net
  Max Loan to GDV 75% gross
  Max Loan to Cost 100% of construction cost
  Min/Max Loan Term 6-24 months
  Min/Max Loan Size £1m-£10m
  Geographical Lending Area England, Scotland & Wales
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Yes
  Mixed Schemes Yes
  Planning Permission Needed Product dependent
  Commission Rate Negotiable
  Associations None
  Upfront Fees No
  Early Redemption Charges Considered on case-by-case basis
  Investment Yes
  Owner-occupied No
  Interest-only Options Yes
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