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|
|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|
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.
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.
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.