Page 19 - The Index
P. 19

                     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

   17   18   19   20   21