Stretched

Ground-up developments and major works - When extra leverage is required to make the project work.

LOAN: £500k - £5m

LTV (day 1): 70% net

LTC: 85%

LTGDV: Up to 70%

TERM: Up to 24 months

INTEREST: Rolled

RATES: From 0.85% pm (typical)

ARRANGEMENT FEE: 2% of Gross facility

EXIT FEE: Up to 2%

VALUATION & LEGAL FEES: Market rate

Works

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

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