COMMERCIAL FINANCING

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ALTERNATIVE REAL ESTATE FINANCE

Through our deep knowledge of the real estate finance sector, we can assist experienced property professionals and successful mid market companies secure the very best financing solutions on the lending market today. Through leveraging our hard won contacts, and utilising our ever changing portfolio of alternative non bank lenders, we strive to add value to our clients by securing the optimal debt package for their unique commercial real estate project.

In all cases, in order to get a full understanding of the project and the clients funding request, we will require:

  • High level executive summary of the project
  • Details of the corporate structure being used
  • Information on the principals
  • Details of property, including area & number of units
  • If a leasehold; tenancy schedule and lease terms.
  • Exit strategy and value assumptions
  • Cost assumptions
  • Development and sale programme
  • Valuation if available
SENIOR LOANS DEVELOPMENT BRIDGING LOANS
UK & Mainland Europe UK & Mainland Europe UK & Mainland Europe
Minimum Loan: £5m Minimum Loan: £3m Minimum Loan: £3m
Maximum Loan: none Maximum Loan: none Maximum Loan: none
Term: up to 25 years Term: up to 36 months Term: 1 month max 36 months
Maximum LTV: 80% Maximum LTC: up to 85% Maximum LTV: 75%
Rates: from LIBOR +250bps Maximum LTGDV: up to 80% Rates: from 0.7% pcm
Rates: from 7% pa
MEZZANINE JV/EQUITY PROPERTY TYPES
UK & Mainland Europe UK & Mainland Europe Offices
Minimum Loan: £10m Minimum Loan: £10m Retail
Maximum Loan: £100m Maximum Loan: £100m Industrial
Term: 10yrs Term: 10yrs Hotels
Maximum LTV: 80% Maximum equity: 80% Logistics
Land
Infrastructure

COMMERCIAL FINANCING CASE STUDIES

Refinance of a large office block in St James valued at £78m, with blue chip covenant.

Existing debt of £21m was taken out, and a 50% LTV 7 year facility at 300bps over 2 month LIBOR was secured.

The refinance saved the client 400bps per annum on the rate, and allowed a capital raise for business expansion.

STRETCHED SENIOR

Heavy refurbishment and rebranding of a 68 room listed hotel in Edinburgh city centre.

A whole loan was used, capitalising the project up to 85% loan to cost, representing  a combined senior and junior debt of £32m, and a LTGDV of 70% at £46m.

A first ranking fixed security over the assets was used, and 3-5 year term with fixed coupon.

WHOLE LOAN

Mid market energy company wished to raise an urgent bridging loan refinance secured against 400 acres of land in Central Scotland.

With an asset value of £31m, a bridging loan was secured at 50% OMV for the duration of 24 months, to allow the development of multiple schemes of energy efficient modular housing on the site.

BRIDGING LOAN