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%