Semi-Commercial Term Lending

An existing developer client of ours, who we procured development finance for a semi-commercial scheme in South  West London, asked us to arrange a long term commercial mortgage so as to repay the development lender.  

The hurdle that needed to be overcome was that the client wanted 70% loan to value, so as to redeploy some capital, however the debt service cover ratio (affordability calculation) didn’t support this level of gearing based on published rates/pricing.

Facility provided: We secured a lower bespoke pricing from a Challenger Bank on a 5yr fixed rate, so that the affordability calculation was improved and could subsequently support the level of debt/gearing sought.  Pricing offered at 4.55% per annum which was fixed for 5 years on an interest only basis and subject to a 2% lender facility fee. 

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Montpelier Private Finance has full market access meaning that we are able to procure funding for a wide variety of funding requirements including complex cases.  Get in touch if you have a case you wish to discuss.