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A few recent cases
Refinance of commercial
property investment portfolio
£630,000 (75% loan to value) 20
year term, interest only during first 3 years.
Nearly all leases short term -
two with 3 years left, one with 3 years till break clause
and the other two with 8 and 11 years left. Interest rate -
1.75% / Libor.
Purchase
of 3 industrial units (2 for own occupation)
£1,900,000 (75% loan to
value) 25 year term.
Interest rate - 1.225%/Libor
with £1,250,000 of loan on interest only basis for full
term.
Residential building
development
Loan of £4.2m to assist with the
purchase of residential building site for £6.3m. Plus
£400,000 to assist with some costs and cover for 12m
interest roll up.
Development finance to be
negotiated later. 1.5% above base, 0.75% fee.
Refinance of owner
occupied commercial / investment premises
£1.75m (75% loan to value) 25
year term - £900k on interest only bases. tenants on short
term licenses to occupy. Interest rate 1.75% / Libor, 0.4%
fee.
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