On reading the accounts, it seems that Assetz have a floating charge over all property or undertakings of various group companies. Can MoneyThing confirm that this doesn't apply to our security? I wonder how it impacts the cross guarantee from the topco?
Thanks for the feedback @magenta14 - always good to get local feedback.
Personally I'm adverse to anything non-residential unless the LTV is really (or is it realistically) closer to the 50% mark. What confuses me is that if these properties are effectively surplus to requirements then why not just dispose of them on the open market rather than incur some hefty loan fees in the meantime. It simply doesn't add up in my mind as presented.
Perhaps someone could put my thoughts right on this.