Post by eeyore on May 26, 2021 15:55:05 GMT
New 24-month commercial term loan for North East M*** U*** P*** (PLL0996) has been announced.
Total loan: £1,931,00 LTV: 67.05%
Tranche A: £1,440k @ 6.84% gross
Tranche B: £432k @ 9.25% gross
Tranche C: £59k @ 10.80% gross
The loan's purpose is to refinance an existing loan.
The security is a first legal charge on a portfolio of fifteen mixed use commercial properties. The loan is expected to be refinanced at the end of its term.
See the full loan request and valuation report for details which are available on the website.
Allocation of TrancheA funds for Always-On lenders has (presumably) already taken place (Wednesday 26-May).
All three tranches are available for Self-Select - funds for Self-Select lenders must be in their cash accounts by 17:30 on Thursday 27-May and allocation of Self-Select funds will take place on Friday 28-May.
Update: The loan was fully repaid on 26-May-2023.
Total loan: £1,931,00 LTV: 67.05%
Tranche A: £1,440k @ 6.84% gross
Tranche B: £432k @ 9.25% gross
Tranche C: £59k @ 10.80% gross
The loan's purpose is to refinance an existing loan.
The security is a first legal charge on a portfolio of fifteen mixed use commercial properties. The loan is expected to be refinanced at the end of its term.
See the full loan request and valuation report for details which are available on the website.
Allocation of TrancheA funds for Always-On lenders has (presumably) already taken place (Wednesday 26-May).
All three tranches are available for Self-Select - funds for Self-Select lenders must be in their cash accounts by 17:30 on Thursday 27-May and allocation of Self-Select funds will take place on Friday 28-May.
Update: The loan was fully repaid on 26-May-2023.
