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International Bridging Finance

For my colleagues in the UK and abroad, this fund could  be of benefit to you and others  you may  know, in regards to releasing capital on substantial assets  or providing funding to purchase. 

 

Details:

 

My close colleague works directly to the CEO of a new offshore Fund, backed by one of the largest Hedge funds in the world.

 

Minimum loan £1m- £200m maximum, although in reality there really is no maximum.

 

Loans can be provided Worldwide, subject to any Sanctions in the country concerned. 

 

Interest rate min 8% to 10 % pa.

 

Loan term one year but subject to agreement could be considered for a renewal.

 

Residential properties and land only

 

Loan to value of land 50% and 70% max of completed residential units. If land and completed units are blended, then   60% would be available.

 

Subject to receiving full details on the borrowers, i.e. accounts -A& L statements along with land /properties details, terms would be issued within 72 hours and completion subject to legals, valuation 4/6 weeks

 

We would require an Admin fee on terms in principle being issued and accepted, which would be credited back when the commission is payable 

 

Bank will require, on their offer being issued, part of their FEE payable so there is a financial commitment from the borrowers.

Offer Details

Asset classes:

 

Residential/Commercial/Mixed Use

Land

Hotels

Office Buildings/Office Towers

Industrial/Warehousing

Retail/Retail Parks

PBSA

PRS / Build to Rent

Development Exit Bridge

Business

  • To renovate a commercial property into residential premises

  • Bridge a business sale when funds are needed quickly

  • Used as temporary financing before placement of commercial finance

  • Paying a tax bill

  • Financing a new start up or business

  • As an alternative to invoice finance

  • Commercial business auction finance

  • Extending a business lease

Other

  • Home-movers (payment gap between purchasing and selling)

  • Quickly renovating a home to then sell on

  • Buying at auction

  • Settling a divorce

  • Refinancing other loans

 

 

 

 

International Development Finance

 

Europe

USA

Asia

Australia

 

  • Arrangement fees from 1%

  • Interest rates from 4% per annum

  • Typically up to 65% of GDV, or 80% of project costs

  • Options with no Exit Fees

  • Up to 24 months, or longer by agreement

  • Options with no Personal Guarantees.

  • Minimum loan £50k, with no maximum loan size

  • Full UK Coverage. (For Europe, Asia and the United States terms will differ)

  • Valuation and Surveyor fees case by case.

 

Common Terms for Senior Debt lending criteria?
 

  • Greater development experience gives access to cheaper rates

  • Adverse credit can be considered

  • First charge lending only

  • Multi-unit schemes preferred, but single units can be considered.

  • Executive residences can be considered.

  • Detailed planning consent must be granted

  • Residential, mixed use, commercial, student, care home, industrial etc all considered.

  • UK countrywide coverage as well as many other countries.

 

What Information will be needed to progress the case?

  • Applicant company name & Ltd Company number.

  • Full site/ property address.

  • Directors & significant shareholders CV’s or Biographies.

  • Copy of the planning consent.

  • Financial Appraisal (can exclude finance costs) and Cash-Flow.

  • Detailed build costs.

  • Schedule of proposed Accommodation.

  • Details of the professional team (contractor, architect, structural engineer, CDM coordinator etc).

  • Any comparable sales information (or agent’s opinions) to support the proposed GDV.

  • Procurement Method ( Design & Build or Construction Management?).

 

Commercial Term Finance.

 

Germany, France, Netherlands, Spain.

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