Case Study Index:

> 5 year facility for £8.8m office investment

> 8 year facility for £5m retail and office development

> £17m 10 Year Facility for student accommodation

> 5 year facility of £225,000 to a pension fund

> 8 year facility of £860,000 for refinancing of retail units

 

1. A 5 year facility for £8.8m office investment in the South East

A five-year fixed rate facility of £8.8m was provided to a Limited company to assist in the refinancing of well located, fully refurbished office property in Brentwood and to raise capital for further property investment.

Given the strength of the single covenant, location of the asset and track record of the borrower we were able to offer 83% LTV and at a competitive margin.

2. An 8 year facility for £5m retail and office development in Aldershot

A £5m facility on an 8 year term was provided to an SPV controlled by an established property investor to assist in the purchase of a major retail & office development in Aldershot

The deal was structured at a competitive margin and with a 3 year Interest Only period.

The property was let on a variety of lease terms to a mixture of covenants ranging from local to national plc’s.

Gearing was in excess of 76% of market value.

3. A £17m 10 Year Facility for student accommodation in Lincolnshire

A ten-year facility of £17m was provided to experienced property developers to assist with the refinance of existing development facilities on student accommodation in Lincolnshire.

Gearing was 80% of market value

The facility was structured as 3 years interest only and 7 years capital and interest and priced at a very competitive margin.

4. A 5 year facility of £225,000 to a pension fund

A five- year facility of £225,000 was provided to a Yorkshire businessman through the clients pension fund.

Gearing was 51% of market value.

The quality of the security and the experience of the borrower enabled us to deliver this transaction at a competitive margin.

5. An 8 year facility of £860,000 for refinancing of retail units in Hampshire

An eight-year facility of £860,000 was provided to a limited company to assist with the refinancing of several retail units in Hampshire.

Gearing was 75% of market value

The facility was structured as 2 years interest only and 6 years capital and interest and due to the quality of the asset was priced at a competitive margin.

	Leeds Building Society Commercial Finance Partner of the Year 2007