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Pinnacle / Client Focus

Client Focus

Examples of Deals Completed

Residential Investment Project

Substantial portfolio of residential units with combined valuation of £98 million.

Refinanced to take out existing (expiring) loan of £43 million held by one of the UK High Street banks. Broad mix of London properties.

5-year term with option to extend for further 5 years. Fixed rate interest-only facility at 4.99% for initial 5 years. Option to extend for 5 years at 4% over LIBOR or re-fixed on 5th anniversary at a future 5-year fixed rate.

Interest-only facility with flexible option to repay up to 10% p.a., penalty free.

Residential Development Scheme

Option to ‘term out’ the facility – ability to switch to an investment loan upon completion at 60% of GDV. This assumes rental income providing a minimum of 1.5x interest cover.

£6.1m loan secured against a single substantial residential unit in Wimbledon.

18-month facility with interest rolled during the term.

Arrangement fee of 1.5% with fixed interest term loan (drawn against certificates during the build) at 6.5%.

Mixed-Use Scheme

A mixed use portfolio where each of the properties contained commercial and residential units, let on standard ASTs on upper floors. Overall loan of £10.3m. Secured against a valuation of £22.3m on an interest-only basis. Fixed rate of 6.85% over 5-year term. Unrestricted amortisation with a final early redemption charge (ERC) of 1%.

Commercial Development

Mixed-use scheme based in North West of England. Pre-let commercial units to grade A tenants with some residential aspect. Blended rate of 6.5% during construction. Arrangement fee of 2% with flexible option fee (subject to refinancing options) ranging from 0-2%.

Student Accommodation Scheme

Substantial portfolio of purpose build student accommodation in the Midlands.

Assisted our client with the acquisition of over 200 units purchased from a Receiver. Lent over £17M secured against the properties.

5-year investment loan on a fixed rate with the flexibility to partially repay the loan during the term, penalty free.

When our client was let down by another lender, we stepped in and arranged the finance within 3 weeks.

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