Businesses are to be given more time in order to repay the government support loans, according to the chancellor, Rishi Sunak.
The investment will support the senior facility Pivot has renewed and enhanced with Shawbrook Bank, as it targets taking a larger share of the development finance market in 2021.
It is business as usual for the second charge market as a third national lockdown has been enforced, according to the latest Secured Loan Index by Loans Warehouse.
The property is a large freehold townhouse and accompanying leasehold mews house, set to be worth £25m once renovations are complete.
Pluto Finance completed £97m of bridging and development lending across the UK in September and October.
Suros Capital has launched an alternative short-term lending facility, which is available through intermediaries.
In February, prior to the COVID-19 pandemic, second charge lending stood at a total of £107m.
Brilliant Solutions members will now be able to search different criteria from more than 200 lenders.
Property developer Innovation Control Ltd (ICL) has secured £11m in finance from Cambridge & Counties Bank to acquire a 242-room student housing asset in Salford. Riverside House is located in Salford was initially owned by ICL and a mix of other UK and international investors. The new financing has been used to buy-out all external […]
The second charge mortgage, which has a rate of 4.3% fixed for two years, helped a high net worth client exit a complex bridging scenario.