Commercial Developments
In the current market it is vital to have a strong pre-let or pre-sale agreed in order to secure commercial development finance. Minority commercial elements within mixed-use schemes will be considered on a speculative basis.
Case Study #1
| Details | ||||
| Asset | Student accommodation in Zone 1, London | |||
| GDV | £90m | |||
| Total costs | £70m | |||
| Loan to cost | 50% | |||
| Arrangement fee | 1.00% | |||
| Rate | 3.75% over Bank of England Base Rate | |||
| Term | 3.5 years | |||
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