Property Finance
We specialise in arranging finance for New Build, Conversion and Refurbishment projects for Property Developers and Investors. You can also choose from a wide range of Commercial Mortgages.
Finance for Property Developers
100% funding is readily available for experienced developers on a JV basis typically on low to medium value multi unit schemes in established residential towns right across the UK. These solutions are usually structured in an SPV with a Profit Share Agreement at 50:50 or better in favour of the Developer.
90% funding otherwise known as Stretch Senior Debt is now more commonly seen than separate Senior Debt and Mezzanine not least because the credit and legal process is simplified using one Lender as opposed to two.
60% funding or Senior Debt offers the cheapest money for lower leverage.
Key sub sectors include Residential, Build to Rent, Purpose Built Student Accommodation, PD Conversions, and pre let Commercial.
Finance for Property Investors
PCF also specialise in short term loans for Auction purchases, Light and Heavy Refurbishment projects, HMO conversions and Semi Commercial.
Bridge to Let loans have become extremely popular where the original bridging loan is converted into an Interest Only Term Loan with the same lender. A process that is underwritten on Day 1 so the Investor knows upfront what the exit route looks like and minimal fees are involved in setting up the term loan. Lenders are keen on these structures because it removes short term exit risk for them.
Developer Exit Loans remain in strong demand. PCF can release cash from development sites at or close to practical completion so the Developer can use the proceeds to replenish their reserves and in many cases purchase their next site often at a discount as a cash buyer and able to move quickly.
PCF have multiple loan products for Portfolio Landlords too with Interest Only terms up to 75% LTV.
Finance for Trading Businesses
Commercial Mortgages are readily available at up to 80% LTV for established SME businesses looking to own their business premises. We have arranged loans recently at around 2% over Base but most cases will be priced above that around 3% over Base depending on the strength of the underlying business.
We have extensive experience in arranging bespoke funding packages for SME including working capital facilities, Invoice Finance, Asset Finance, and unsecured 5 year term loans for any legal business purpose.
Finance for Property Investors
Whether you’re buying or refinancing, we’ll guide you to the best deals in the market.
The loan will be structured to your specific requirements including a choice of interest only or amortising repayment profiles.
Commercial Mortgages
Your Business is one of a kind. So don’t settle for Banking that’s one-size-fits-all.
We’ll give you the widest choice from fee free Commercial Mortgages to Unsecured Loans for any purpose. You can even raise money against your sales invoices and credit card receipts.
New lending products added every day.
Margins from 2% over Base.
Bespoke solutions tailored to your business.