Page 21 - The Index
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                 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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