Post by eeyore on Mar 30, 2022 8:00:26 GMT
New 36-month commercial term loan for Leicester C*** H*** has been announced.
Total loan: £315,000 LTV: 70%
Tranche A: £225k @ 5.79% gross (Fully funded)
Tranche B: £67.5k @ 8.67% gross (Cap £1k)
Tranche C: £22.5k @ 9.89% gross (Cap £1k)
The purpose of the loan is to raise funds to purchase an existing care home for 12 residents, which will be the security for this loan. The strategy is to maintain the the business and to refinance the loan with a long-term lender before 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 (Monday 28-Mar) and is now fully-funded. Tranches B & C will be available for Self-Select with funds for Self-Select lenders to be in their cash accounts by 17:30 on Tuesday 29-Mar and allocation will take place on Thursday 31-Mar.
Total loan: £315,000 LTV: 70%
Tranche A: £225k @ 5.79% gross (Fully funded)
Tranche B: £67.5k @ 8.67% gross (Cap £1k)
Tranche C: £22.5k @ 9.89% gross (Cap £1k)
The purpose of the loan is to raise funds to purchase an existing care home for 12 residents, which will be the security for this loan. The strategy is to maintain the the business and to refinance the loan with a long-term lender before 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 (Monday 28-Mar) and is now fully-funded. Tranches B & C will be available for Self-Select with funds for Self-Select lenders to be in their cash accounts by 17:30 on Tuesday 29-Mar and allocation will take place on Thursday 31-Mar.