eeyore
Member of DD Central
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Post by eeyore on Jun 1, 2021 15:11:50 GMT
New 36-month commercial term loan for Halifax C*** M*** U*** (PLL1001) has been announced.
Total loan: £379,500 LTV: 69% Tranche A: £215k @ 6.7% gross (Capped at £1k) Tranche B: £82.5k @ 9.0% gross (Capped at £1k) Tranche C: £22k @ 10.84% gross (Capped at £1k)
The security is a first legal charge on a freehold building with warehouse/industrial and office accommodation. The loan's purpose is to fund the purchase of the property which will be partially tenanted by the business owned by one of the borrowers and tenants will be sought for the unoccupied portion.
The borrowers expect to refinance the loan at the end of its term.
For details, see the full loan request and the valuation report which are available on the website.
Allocation of TrancheA funds for Always-On lenders has already taken place (Tuesday 1-June). Tranches will be available for Self-Select - funds for Self-Select lenders must be in their cash accounts by 17:30 on Wednesday 2-June and allocation of Self-Select funds will take place on Thursday 3-June.
Update 7-May-24: The loan has been repaid
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bababill
Member of DD Central
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Post by bababill on May 7, 2024 13:17:26 GMT
Redeemed
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