Senior

Ground-up developments and major works.

LOAN: £500k - £5m

LTV (day 1): Up to 65% net

LTGDV: Up to 65%

LTC: 80% net

TERM: Up to 24 months

INTEREST: Rolled

RATES: From 0.75% pm (typical)

ARRANGEMENT FEE: 2% of Gross facility

EXIT FEE:  Minimum 1% of Gross facility

VALUATION & LEGAL FEES: Market rate

Works

Ground-up developments, major works  - We will fund 100% of the construction costs. Works greater than 50% of the property value are permitted.
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