Bridge and development Loan brokerage with an investment vehicle running alongside.
We are able to look at cases that other large lenders may not be able to assist with and can have the monies allocated within a week. This is the more bespoke part of our financing arrangements and rates will vary depending on case by case. We will look at any project from straight forward bridging to JVs so can assist across the whole spectrum of products.
We are also able to place cases over to our large partners and an idea of their terms are as follows:
Their development product works as follows:
There are no non utilisation fees and no early repayment charges. They will look at a whole range of schemes providing that they are suitable and sensible for the area, there is evidence of demand and they will fit the mid-market..
In terms of time frames they are typically turning around development facilities in 4 – 6 weeks but have done it quicker when required. Their professionals will move as fast as the borrower can provide the requested information – once they have their reports they can slot the numbers into a facility letter and issue documentation.
The above is all applicable for loans of £2m+ – otherwise they would look to put the scheme onto their development ‘light’ product. This is basically the same service, slightly less due diligence for the client and usually slightly less costs regarding monitoring surveyor fees / valuation fees. Development light loans are priced at 2% arrangement fee, 8% interest fixed pa, 2% exit fee of loan amount.
|Date (document was filed at Companies House)||Type||Description (of the document filed at Companies House)||View / Download (PDF file, link opens in new window)|
|31 Jul 2020||AA||Micro company accounts made up to 31 May 2020||
View PDF Micro company accounts made up to 31 May 2020 - link opens in a new window - 3 pages (3 pages)
|15 Apr 2020||CH01||Director's details changed for Mr Iain Colin Macrae on 1 April 2020|
|15 Apr 2020||PSC04||Change of details for Mr Iain Colin Macrae as a person with significant control on 1 April 2020|
|06 Apr 2020||CS01||Confirmation statement made on 6 April 2020 with updates|
|06 Apr 2020||PSC01||Notification of Jonathan Richard Mason as a person with significant control on 19 July 2019|
|06 Apr 2020||PSC04||Change of details for Mr Iain Colin Macrae as a person with significant control on 19 July 2019|
|06 Apr 2020||SH01||
Statement of capital following an allotment of shares on 19 July 2019
|02 Oct 2019||AA||Micro company accounts made up to 31 May 2019||
View PDF Micro company accounts made up to 31 May 2019 - link opens in a new window - 2 pages (2 pages)
|23 Jul 2019||AD01||Registered office address changed from The Old Joinery, 287a Bournemouth Road the Old Joinery, 287a Bournemouth Road Poole Dorset BH14 9AH United Kingdom to 4 Harbour View Court 3 Cotes Avenue Poole BH14 0AB on 23 July 2019|
|18 Jul 2019||CS01||Confirmation statement made on 24 May 2019 with no updates|
|25 Sep 2018||AP01||Appointment of Mr Jonathan Richard Mason as a director on 25 September 2018|
|25 May 2018||NEWINC||
Statement of capital on 2018-05-25
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