Commercial Land Bridge – No PGs!

Deal Structure

25% LTV Net

£1m facility

2% arrangement fee

No Exit Fee

0.79% per month

No Personal Guarantees (No PGs)

12 Month Term

Deal Summary

Client owned a plot of land in the Northwest of England

The client had bought the land without planning and had applied and paid for a planning application – this had been granted.

This increased the value of the land and improved the RICS valuation.

Client decided to pull some money from the project to use on another project.

The clients main driver was no personal guarantees.

We sourced a deal for the client that they were more than happy with.

The land will be eventually sold to a developer