Post by eeyore on May 5, 2022 14:50:38 GMT
New 36-month commercial term loan for Chelsea P*** H*** (PL) has been announced.
Total loan: £800,000 LTV: 26.7%
Tranche A: £800k @ 5.6% gross (Cap: £1k)
The purpose of the loan is to part refinance an existing loan with a high-street bank with the borrower also injecting their own funds.
The security is the freehold on three-storey public house with basement storage and staff accommodation on the upper floors.
The property is tenanted on a 35-year lease (ending 2045) with 5-yearly rent reviews.
The loan is expected to be refinanced on maturity.
The borrowers are based outside the UK and regard this property as a long-term investment.
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 (Thursday 5-May).
The remaining part of TrancheA will be available to Self-Select lenders: funds must be in the cash account by 17:30 on Monday 9-May and allocation will take place on Tuesday 10-May.
The loan is due to be redeemed on 11-May-2025.
Total loan: £800,000 LTV: 26.7%
Tranche A: £800k @ 5.6% gross (Cap: £1k)
The purpose of the loan is to part refinance an existing loan with a high-street bank with the borrower also injecting their own funds.
The security is the freehold on three-storey public house with basement storage and staff accommodation on the upper floors.
The property is tenanted on a 35-year lease (ending 2045) with 5-yearly rent reviews.
The loan is expected to be refinanced on maturity.
The borrowers are based outside the UK and regard this property as a long-term investment.
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 (Thursday 5-May).
The remaining part of TrancheA will be available to Self-Select lenders: funds must be in the cash account by 17:30 on Monday 9-May and allocation will take place on Tuesday 10-May.
The loan is due to be redeemed on 11-May-2025.
