Page 19 - The Index

Specialism/USP Finish & Exit – part-complete funding
Charges 1st
Funding Institutionally funded
FCA Regulated No
Interest Range Residential bridging: 6.5% pa Conversions: 6.5% pa
Finish & Exit: 7% pa (minimum pricing)
Base Rate N/A
Security Types Residential, commercial, development, investment
Treatment of Interest Retained
Treatment of Default Interest Fixed rate
Max LTV 70%
Max Loan to GDV 70%
Max Loan to Cost 90% (100% considered by exception)
Min/Max Loan Term 3-24 months
Min/Max Loan Size £500k-£10m
Geographical Lending Area Southern and Central England
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed Yes
Commission Rate Negotiable
Associations ASTL, NACFB
Upfront Fees No
Early Redemption Charges No
Investment No
Owner-occupied No
Interest-only Options Yes
The Index | 19