DEBENHAMS Bridging Finance deal -Sanctioned without planning
• January 26, 2022
Bridging Deals agreed
Commercial Bridging Loan No planning
Deal 1
- Care Home purchased to convert to 11 bed HMO
- no planning
- 65% purchase price
- 100% funding of development upon receipt of planning
- 0.82% pcm
- 18 month deal
- no exit fee
Deal 2
- Asset purchase price - £4m
- Asset Type - Large vacant high street retail building (Debenhams) seeking residential planning
- Loan Sanctioned Value - £2.6m (65% Loan to value )
- Rate - 7% pa
- Arrangement Fee 1%
- Exit Fee - 1%
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DEVELOPMENT FINANCE
Bridging Finance Completion
Commercial premises purchase - OWNER OCCUPIED
Deal Update:
Residential bridging finance approved for part finished development
New Deal Sanctioned - Property Development Finance
£12m Credit backed Bridging Loan
Recent Commercial & Semi Commercial Investment deals agreed
The UK Government backed RLS Loan scheme has been extended to continue to support businesses through the economic recovery. Cash Flow & Growth Loans for UK Ltd Companies Turnover for 2019 >£100k Minimum trading period 2 years Must show profitability/affordability Loan Term up to 6 years No obligation/ No upfront fee to receive a quote Loans up to £250k will not require a Personal Guarantee 12 months Interest only available from some lenders
