Page 77 - The Index
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         Specialism/USP Development finance solutions up to £35m
  Charges 1st
  Funding Existing established lending vehicles backed by long term funds
  FCA Regulated No
  Interest Range Pre-development bridge: from 0.65% pcm on total facility Development exit loans: from 0.65% pcm on total facility Development loans: from 8.25% pa drawn on fixed funds
  Base Rate N/A
  Security Types All sectors for development including residential, commercial, student, hotel and healthcare
  Treatment of Interest Rolled for development, rolled/serviced for bridge and exit
  Treatment of Default Interest Dependent on scenario, but typically seek to rectify default through restructure or facility amendment/waiver first
  Max LTV 75% for exit, 70% for others
  Max Loan to GDV 70%
  Max Loan to Cost 85%
  Min/Max Loan Term Up to 30 months
  Min/Max Loan Size £5m-£35m (larger deals can be arranged)
  Geographical Lending Area UK-wide & Ireland
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Yes
  Mixed Schemes Yes
  Planning Permission Needed Variable
  Commission Rate Negotiable
  Associations N/A
  Upfront Fees Yes
  Early Redemption Charges Negotiable
  Investment Yes (short-term bridge only)
  Owner-occupied No
  Interest-only Options N/A
  The Index | 77

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