Post by eeyore on Jun 1, 2021 15:50:51 GMT
New 24-month commercial term loan for Handsworth H*** (PLL0992) has been announced.
Total loan: £245,00 LTV: 70%
Tranche A: £175k @ 6% gross (Capped at £1k)
Tranche B: £52.5k @ 8.5% gross (Capped at £1k)
Tranche C: £17.5k @ 11.1% gross (Capped at £1k)
The security is a first legal charge on a six-bedroomed HMO let to a housing association.
The loan's purpose is to raise funds for further property acquisitions. The loan is expected to be refinanced at the end of its term.
The borrower is an existing Proplend client.
See the full loan request and valuation report for details which are available on the website.
TrancheA was allocated entirely by Always-On lenders on Tuesday 1-Jun.
Tranches B & C 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.
Total loan: £245,00 LTV: 70%
Tranche A: £175k @ 6% gross (Capped at £1k)
Tranche B: £52.5k @ 8.5% gross (Capped at £1k)
Tranche C: £17.5k @ 11.1% gross (Capped at £1k)
The security is a first legal charge on a six-bedroomed HMO let to a housing association.
The loan's purpose is to raise funds for further property acquisitions. The loan is expected to be refinanced at the end of its term.
The borrower is an existing Proplend client.
See the full loan request and valuation report for details which are available on the website.
TrancheA was allocated entirely by Always-On lenders on Tuesday 1-Jun.
Tranches B & C 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.