Category

Commercial

Commercial Property Acquisition for UHNW international Client

By Commercial

Commercial Property Acquisition

The property is in Croydon, south London, and consists of offices, retail units and a 149 bed Travelodge. There is plenty of attraction to the property due to its high development potential.
The loan has a term of 12 months, with the exit plan being to refinance onto a term commercial loan.

Loan Size: £14,000,000

LTV: 75%

Charge type: First Legal Charge

Term: 12 months

Location: Croydon

Refinance for Working Capital Purposes

By Commercial

REIM Commercial Bridging Loan

The client, a UK limited company, required the speed of a bridging loan to raise funds quickly against their Warehouse for working capital purposes. The borrowers were able to demonstrate a solid exit plan by evidencing refinancing terms, agreed in principle with a major bank. 

The term of 6 months gives the client ample time to exit the REIM Commercial bridging loan.

Loan  Size: £231,650 

LTV: 57% 

Charge Type: First Legal Charge

Term: 6 months 

Location: London

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