OVERVIEW

Short-term loan facilities secured against commercial/semi-commercial property in England or Wales with or without a tenant in place.

These are an unregulated products. The security property cannot be occupied or have ever been occupied by the borrower or a family member if the loan is taken in a personal capacity.

 
 

KEY FACILITY TERMS

 

 

Max loan size
£5,000,000
Min loan size
£250,000
Max loan to value
65% (Gross)
Valuation fee
Market rate

Loan term*
1 to 15 months
Arrangement fee**
2%
Early redemption fee
None
Legal fees
Market rate

* 3 months’ minimum interest applicable on any facility redeemed within 3 months
** This is Pivot’s standard Arrangement Fee, which is flexible and can be discussed with the Origination Team

 
 

INDICATIVE RATES

 

 

COMMERCIAL

LTV (existing use)  | Monthly interest
<50% | From 0.89%
<60% | From 0.99%
<65% | From 1.09%

Mixed Used

LTV (existing use)  | Monthly interest
<50% | From 0.84%
<60% | From 0.95%
<65% | From 1.05%

 

KEY CRITERIA

 

 

criteria

Accepted

Not Accepted

 

 

Property

Grade I listed buildings

A1, A2, B1, B2, C1, C2 and D1
use classes

 

 

Charge

Equitable charge

1st charge

 

 

Tenure

Leasehold less than 75 years;
full flying freehold

Freehold; leasehold with 75+ 
years on lease; possessory title

 

 

Applicant

Overseas companies with non-
UK resident shareholder

UK residents; UK companies; 
overseas companies with
shareholders resident in UK

 

 

Credit

Always assessed on a deal by deal
basis

 

 
 

INFORMATION REQUIRED

 

 
 
  • Location of security;

  • Loan required;

  • Borrower type;

  • Estimated value of security;

  • Purpose of loan;

  • Exit strategy;

  • Additional security;

  • Term;

  • Tenancy agreement

 

 
 

CASE STUDIES

 

 

Mixed-Use

COMMERCIAL

 

57.78
%LTV

CASE STUDY 1:

FIRST CHARGE LOAN SECURED AGAINST A Grade II listed commercial building in Brighton

LOAN AMOUNT: £2,600,000

 

18.26
%LTV

CASE STUDY 2:

FIRST CHARGE LOAN secured against shops with residential units above


LOAN AMOUNT: £757,000