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
£150,000
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 1.00%
    <65% | From 1.05%
    <70% | From 1.10%

    Mixed Used

      LTV (existing use)  | Monthly interest
      <50% | From 0.95%
      <60% | From 1.00%
      <65% | From 1.05%

       

      KEY CRITERIA

       

       

      Key criteria

      1st charge loans up to 65% LTV based on Open Market Value depending on asset quality
      Property does not have to be income generating
      A1, A2, B1, B2, C1, C2 and D1 use classes considered
      Plots of land considered as security
      Terms from 3-15 months

       

      INFORMATION REQUIRED

       

       
      • Exit strategy;
      • Additional security;
      • Term;
      • Tenancy agreement
      • Location of security;
      • Loan required;
      • Borrower type;
      • Estimated value of security;
      • Purpose of loan;
       

      CASE STUDIES

       

       

      COMMERCIAL

       

      57.78
      %LTV

      CASE STUDY 1:

      FIRST CHARGE LOAN SECURED AGAINST AN OFFICE BLOCK IN SOUTH LONDON

      LOAN AMOUNT: £2,600,000

       

      69.44
      %LTV

      CASE STUDY 2:

      FIRST CHARGE LOAN EXCEEDING STANDARD LTV Parameters


      LOAN AMOUNT: £2,100,000

       

      64.22
      %LTV

      CASE STUDY 3:

      FIRST CHARGE LOAN SECURED AGAINST A RESTAURANT IN ESSEX

      LOAN AMOUNT: £860,000

       

      Mixed-use

       

      55.23
      %LTV

      CASE STUDY 1:

      FIRST CHARGE LOAN SECURED AGAINST SHOPS WITH RESIDENTIAL UNITS ABOVE

      LOAN AMOUNT: £757,000

       

      61.36
      %LTV

      CASE STUDY 2:

      FIRST CHARGE LOAN SECURED AGAINST A MIXED USE SCHEME IN NORTH LONdon

      LOAN AMOUNT: £1,350,000

       

      60.20
      %LTV

      CASE STUDY 3:

      FIRST CHARGE LOAN SECURED AGAINST MULTIPLE CARE HOMES AND RESIDENTIAL UNITS

      LOAN AMOUNT: £4,800,000