Page 69 - The Index
P. 69

                     Specialism/USP Fast, flexible, bespoke underwriting, large complex loans
  Charges 1st
  Funding Institutional
  FCA Regulated No
  Interest Range Bridging from 0.60% pcm, development from 3.95% pa
  Base Rate N/A on bridging; one month LIBOR on development
  Security Types Residential, commercial, investment, development, semi- commercial, land
  Treatment of Interest Rolled, retained, serviced
  Treatment of Default Interest A higher default interest rate is transparently documented in our credit approved terms with the borrower. This rate is
charged on a flexible, case-by-case basis depending on the circumstances of the default.
  Max LTV 72%
  Max Loan to GDV 75%
  Max Loan to Cost 90%
  Min/Max Loan Term 1 month – 4 years
  Min/Max Loan Size £1m-£25m for bridging, £8m-£60m for development
  Geographical Lending Area Predominantly southern England, other strong locations considered
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Yes
  Mixed Schemes Yes
  Planning Permission Needed Yes
  Commission Rate Negotiable
  Associations NACFB, HBF
  Upfront Fees Yes
  Early Redemption Charges No
  Investment Yes
  Owner-occupied No
  Interest-only Options Yes
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