Page 21 - The Index

Specialism/USP Specialist development finance
Charges 1st, 2nd
Funding Private
FCA Regulated No
Interest Range Mezzanine facilities from 15% pa, bridge to development from 12% pa
Base Rate N/A
Security Types Development; residential (for sale and PRS), healthcare, hotels, student accommodation, commercial, mixed-use and
light industrial
Treatment of Interest Rolled
Treatment of Default Interest Fixed higher rate may be charged in exceptional circumstances
Max LTV 70%
Max Loan to GDV 70%
Max Loan to Cost 85%
Min/Max Loan Term 12–36 months per development project
Min/Max Loan Size £3m-£15m per single development project, larger facilities available for multiple projects
Geographical Lending Area England, Scotland and Wales
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed No
Commission Rate Negotiable
Associations N/A
Upfront Fees Yes
Early Redemption Charges No
Investment No
Owner-occupied No
Interest-only Options No
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