Post by eeyore on Jun 2, 2021 13:52:02 GMT
New 36-month commercial term loan for Llanelli R*** (PLL0987) has been announced.
Total loan: £1,105,000 LTV: 65%
Tranche A: £850k @ 6.30% gross (Cap £5k)
Tranche B: £255k @ 9.03% gross (Cap £2k)
The security is a first legal charge on a leasehold (124 years remaining) purpose-built single-storey retail premises located in a retail park (plus a debenture and personal guarantee). The site is tenanted by a franchise operation owned by the ultimate owner of the borrowing SPV. There is a note in the FLR concerning the financial history and viability of the tenant.
The loan's purpose is to refinance the current (P2P) lender. The loan is expected to be refinanced at the end of its term.
See the full loan request and valuation report for details which are available on the website.
Allocation of TrancheA funds for Always-On lenders has already taken place (Wednesday 2-Jun).
Tranches A & B will be available for Self-Select - funds for Self-Select lenders must be in their cash accounts by 17:30 on Thursday 3-June and allocation of Self-Select funds will take place on Friday 3-June.
This loan was repaid early on 16-Mar-2022, less than a year into its three-year term.
Total loan: £1,105,000 LTV: 65%
Tranche A: £850k @ 6.30% gross (Cap £5k)
Tranche B: £255k @ 9.03% gross (Cap £2k)
The security is a first legal charge on a leasehold (124 years remaining) purpose-built single-storey retail premises located in a retail park (plus a debenture and personal guarantee). The site is tenanted by a franchise operation owned by the ultimate owner of the borrowing SPV. There is a note in the FLR concerning the financial history and viability of the tenant.
The loan's purpose is to refinance the current (P2P) lender. The loan is expected to be refinanced at the end of its term.
See the full loan request and valuation report for details which are available on the website.
Allocation of TrancheA funds for Always-On lenders has already taken place (Wednesday 2-Jun).
Tranches A & B will be available for Self-Select - funds for Self-Select lenders must be in their cash accounts by 17:30 on Thursday 3-June and allocation of Self-Select funds will take place on Friday 3-June.
This loan was repaid early on 16-Mar-2022, less than a year into its three-year term.
