As always, I am very happy to chat through any cases you may have; either give me a call or drop me an email.
So, a few of the deals recently completed:
- Residential Development Exit: Refinance of development debt secured against three newly completed residential properties. £2.5m facility at 68% LTV, two-year term, priced at 4.00% over Base Rate.
- Residential Investment Portfolio: Portfolio of low-value apartments across England with £510k debt at 63% LTV. Five-year term with partial amortisation and pricing at 2.85% over Base Rate.
- Light Industrial Investment: Two industrial units, including an OpCo/PropCo arrangement with an HMRC agreement in place. £410k debt at 60% LTV, five-year term, 18-year repayment profile, priced at 3.85% over Base Rate.
- London Residential Block: £8m interest-only facility secured against a London apartment block at 70% LTV, priced at 2.25% over Base Rate.
- Industrial Acquisition: A £2m facility to support the acquisition and asset management of an industrial site, structured at approximately 65% LTV with a 3.75% margin. Interest only for 12 months followed by repayment on a 15-year repayment profile
Joanna Winterton