Page 83 - The Index

Specialism/USP Mezzanine and super mezzanine development funding
Charges 2nd, 3rd
Funding Predominately principal money
FCA Regulated No
Interest Range From 16% pa
Base Rate N/A
Security Types Residential development
Treatment of Interest Rolled
Treatment of Default Interest 4% per annum above current rate
Max LTV 75% for mezzanine, 80% for super mezzanine
Max Loan to GDV N/A
Max Loan to Cost 90% for mezzanine, 95% for super mezzanine
Min/Max Loan Term 12-24 months
Min/Max Loan Size £200k-£6m
Geographical Lending Area Nationwide
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed Yes
Commission Rate From 1%
Associations N/A
Upfront Fees Circa 1.5%
Early Redemption Charges No
Investment No
Owner-occupied No
Interest-only Options N/A
The Index | 83