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LTV: 55% LTV
Rate: 0.35% per month + BBR
Solution: Octane’s loan was to a highly regarded developer and is secured against a prominent building in Liverpool City Centre, which our client was developing in stages. Octane’s loan clears the existing debt on the site, giving our client more time to sell the units in phase 1, whilst releasing extra funds to help with the development of phase 2.
LTV: 70% LTV
Rate: 0.39% per month + BBR
Solution: Octane’s loan was to an experienced property developer and is secured against 7 new-build houses in a development in Surrey. Our loan refinances the development lender and gives our borrower more time to market and sell the units.
LTV: 65% LTV
Rate: 0.42% per month + BBR
Solution: Octane’s loan is secured against a semi-commercial unit in Paington, Devon, which consists of a commercial unit and 11 apartments above. Octane’s loan refinances the development lender and provides a capital raise to help the Directors recoup some of their investment.
LTV: 62% LTV
Rate: 0.36% per month + BBR
Solution: Octane’s loan helped our borrower refinance the final unit in a new-build development in Huddersfield. Our borrower needed to release capital from this project to help fund a separate development. Our loan allowed our borrower to draw the funds in stages, with interest only charged on drawn funds.
LTV: 60% LTV
Rate: 0.42% per month + BBR
Solution: Octane’s loan helps our borrower refinance the remaining 5 houses in a development in Angmering, giving them more time to market and sell them without pressure from their development lender.
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0345 222 9009