Post by eeyore on Oct 26, 2022 9:32:50 GMT
New 36-month loan for Suffolk A*** (PL) has been announced.
Total loan: £3,220,000 LTV: 27%
Tranche A: £3,220k @ 7.51% gross (Minimum £2k - no cap)
The loan is required to top-up the borrower's employee pension scheme prior to the sale of the scheme to a pension company. The security is seven poultry farms in East Anglia all of which are operating and giving an income. The borrower expects to cover to loan's interest and capital repayment from this income, or alternatively to refinance the loan via a bank.
See the full loan request and valuation reports for details which are available on the website.
Note: the minimum allocation for lenders is £2,000.
Allocation of TrancheA funds for Always-On lenders (those with the maximum loan limits of £2,000+) will already have taken place (Tuesday 25-Oct). The remaining TrancheA will be available for Self-Select with no cap - funds for Self-Select lenders must be in their cash accounts by 17:30 on Monday 31-Oct.
Total loan: £3,220,000 LTV: 27%
Tranche A: £3,220k @ 7.51% gross (Minimum £2k - no cap)
The loan is required to top-up the borrower's employee pension scheme prior to the sale of the scheme to a pension company. The security is seven poultry farms in East Anglia all of which are operating and giving an income. The borrower expects to cover to loan's interest and capital repayment from this income, or alternatively to refinance the loan via a bank.
See the full loan request and valuation reports for details which are available on the website.
Note: the minimum allocation for lenders is £2,000.
Allocation of TrancheA funds for Always-On lenders (those with the maximum loan limits of £2,000+) will already have taken place (Tuesday 25-Oct). The remaining TrancheA will be available for Self-Select with no cap - funds for Self-Select lenders must be in their cash accounts by 17:30 on Monday 31-Oct.