Post by eeyore on Apr 8, 2021 13:45:07 GMT
New 36-month commercial term loan for Park Royal L*** I*** has been announced. Allocation of TrancheA funds for "Always-On" lenders has already taken place (Thursday 8-April). Funds for Self-Select lenders must be in their cash accounts by 16:00 on Friday 9-April and allocation of Self-Select funds will take place as soon as practical after 16:00. The availability of this loan for non-Auto-Lenders is unknown.
Total loan: £1,280,500 LTV: 61%
Tranche A: £1,050k @ 6.4% gross (Capped at £4,000)
Tranche B: £230k @ 8.07% gross (Capped at £3,000)
The security is a first legal charge on a freehold steel-portal building used for industrial/storage/office purposes. The loan is for assistance with the purchase of property. It will be occupied by an associated company which is expanding and needs larger premises. The exit strategy is to refinance at the end of the loan's term.
The full loan request and valuation report are now both available on the website (15:00).
Update: Loan repaid ten months early on 21-Jul-2023.
Total loan: £1,280,500 LTV: 61%
Tranche A: £1,050k @ 6.4% gross (Capped at £4,000)
Tranche B: £230k @ 8.07% gross (Capped at £3,000)
The security is a first legal charge on a freehold steel-portal building used for industrial/storage/office purposes. The loan is for assistance with the purchase of property. It will be occupied by an associated company which is expanding and needs larger premises. The exit strategy is to refinance at the end of the loan's term.
The full loan request and valuation report are now both available on the website (15:00).
Update: Loan repaid ten months early on 21-Jul-2023.
