£2.9m Guernsey property portfolio refinance
- 5 year committed term facility through Guernsey based private bank
- Funding package to refinance existing debt of £2.8m and cover £0.1m of associated refinance costs
- Refinance due to change in incumbent lender appetite
- Interest only
- Mixed portfolio comprising residential and commercial assets
- LTV 62%
£12m UK residential property investment refinance
- 5 year committed term facility through Jersey based retail bank
- Interest only
- Fixed rate loan
- LTV 40% (based on client requirements)
- Complex ownership structure – overseas borrower owned by Guernsey registered trusts
£1.65m UK residential property bridging loan
- 12 month commitment through Guernsey based private bank
- Funding to provide liquidity to support the purchase of an asset
- Short term given borrower desire to then repay from alternative resources
- Provided flexibility for borrower who did not wish to liquidate other assets
- Interest only
- LTV 60%
£3.5m UK residential property investment refinance
- 5 year committed term facility through Jersey based retail bank
- Interest only
- Fixed rate loan
- LTV 60%
- Complex ownership structure – overseas borrower owned by Guernsey registered trusts
£43.8m UK property acquisition
- 6 year committed term facility though an international real estate debt fund
- Fixed rate loan
- Interest only
- Overseas borrower
- LTV 80% of total costs
£1.5m to repay existing debt and provide equity for developments
- 5 year committed term facility through IOM retail bank
- Borrowing to repay existing indebtedness with third party lender and also release equity to fund UK property development
- No development controls – loan drawn in one tranche at the outset
- LTV 65%
- Security taken over a partially completed development site