Post by eeyore on Sept 13, 2022 13:14:07 GMT
New 36-month commercial term loan for Northants L*** I*** has been announced.
Total loan: £850,000 LTV: 30%
Tranche A: £850k @ 5.6% gross (Cap: £5k)
The purpose of the loan is to raise capital for the borrower.
The security is a four-bay steel-framed industrial building (with an attached single-stroey office block). Two bays are leased to a transport company and the remainder to an associated company of the borrower but which is about to be sold with a new five-year lease.
The exit strategy is expected to be to remortage before the end of this loan's term. Note: there is no early repayment fee.
See the full loan request and valuation report for details which are now available on the website.
Allocation of TrancheA funds for Always-On lenders has already taken place (Tuesday 13-Sep).
Tranche A will be available for Self-Select - funds for Self-Select lenders must be in their cash accounts by 17:30 on Wednesday 14-Sep.
The loan was drawn down today and will mature on 20-Sep-2025.
Total loan: £850,000 LTV: 30%
Tranche A: £850k @ 5.6% gross (Cap: £5k)
The purpose of the loan is to raise capital for the borrower.
The security is a four-bay steel-framed industrial building (with an attached single-stroey office block). Two bays are leased to a transport company and the remainder to an associated company of the borrower but which is about to be sold with a new five-year lease.
The exit strategy is expected to be to remortage before the end of this loan's term. Note: there is no early repayment fee.
See the full loan request and valuation report for details which are now available on the website.
Allocation of TrancheA funds for Always-On lenders has already taken place (Tuesday 13-Sep).
Tranche A will be available for Self-Select - funds for Self-Select lenders must be in their cash accounts by 17:30 on Wednesday 14-Sep.
The loan was drawn down today and will mature on 20-Sep-2025.
