Two office buildings with partial pre-lets in place
GDV - £84,000,000
Loan sum - £44,300,000
Capital cost - 7.5% pa
Product - Senior debt
LTC - 75%
Conduit factor - COVID defying development finance in the office sector.
Travelodge hotel development on an FRI lease
GDV - £13,000,000
Loan sum - £9,000,000
Capital cost - 7%
Product - Senior debt
LTC - 70%
Conduit factor - Finance delivered following breaches of covenant caused by contractor insolvency
Single unit office with partial pre-lets
Single unit with partial pre-lets
GDV - £172,337,000
Loan sum - £20,000,000
Capital cost - 8% pa
Lender fees - 1% in and 1% out
Capital type - Mezzanine finance
LTC - 85%
Conduit factor - Low cost. Delivered on demanding Sponsor's pricing expectation which was 5%+ below market rate
Above are just some of the businesses and entrepreneurs Conduit has helped to realise their growth goals and to navigate financial challenges.
Let’s discuss optimising your business finances
0131 564 0172 | jamie@conduitfinance.com
