Asset Type | Vacant commercial building with 50% pre-lets |
Purpose | Refinance existing bridging loan and release equity for related capital expenditures |
Loan Amount | £7,200,000 (70% LTV) |
Freehold Value | £10,250,000 |
Loan Term | 12 months + 12 months extension |
Security Type | 1st Charge |
Interest Rate | 10.8% p.a. (6 months retained, serviced thereafter from borrower’s own resources) |
Exit | Development finance |