Loans to fund the refinance and acquisition of a portfolio of residential, and mixed-use assets, and provide capex to complete refurbishment of the residential. LTC of 100% & 41% LTV on the residential facility and 96% LTC & 67% LTV on the mixed-use facility.
Refi nance of a loan fund at 64% LTV for 5-year term. The facility had an interest only and bridging finance element to enable the borrower to phase an element of disposals to suit market, manage repayments to lower yielding income assets, and term out the balance on attractive terms.
60% LTV on a prime city centre offi ce building for 5-year term to refinance a performing pillar bank loan. Our facility offered a longer dated maturity and amortisation profile than the bank could off e
Loans at 67% LTV to refinance a performing pillar bank facility and fund capex to enable additional lettings while providing repayment flexibility not forthcoming
from the incumbent lender. The loans represented 100% of financing requirement with a long-dated high-quality covenant.
Facilities at 87% LTC and 61% LTV to release equity on a long-established provincial hotel & leisure centre with good EBITDA to part fund the purchase of adjoining units.
€1.4m development facility, plus interest roll up,representing 100% LTC and peak LTGDV of 69% to fund site and development, pre-let to a well established leisure operator.