Development Finance

90% LTC with no PG's

We were approached by a potential client, who found us on Google, who was looking to acquire an agricultural building with consent to convert into three family dwellings.  The client had been let down by the previous two lenders, to whom an application was made, following the introduction by his then current broker.  MontpelierPF stepped in and having fully assessed the clients wants and needs, it became evident that any potential lender who’d ask for a limited/full personal guarantee, simply wouldn’t achieve the comfort required.   We therefore focussed our efforts on a lender who offered the 90% loan to cost sought and equally as important, one who did not have a requirement for a personal guarantee.  

HMO Refurbishment

Our repeat specialist HMO developer clients returned to Montpelier Private Finance, seeking funding to acquire a 3 bed Victorian mid terrace in South East London. Their plan was carry out a loft conversion and a complete internal reconfiguration, so as to achieve a 6 person HMO, all with en-suites.  

The challenge faced was that the proposed HMO was not in an area where there’s an existing proven market for such an asset class.  

Facility provided: Utilising a well established relationship with a specialist can-do approach funder, Montpelier Private Finance was able to present a robust rationale for lending.  Pricing achieved being a 2% lender facility fee, 0.79% per month, 15 month term and no exit fee

90% LTC

MontpelierPF prides itself in being at the forefront of the PBSA debt finance market.  In light of the stretched senior market all but disappearing overnight when Covid19 hit, we had been working closely with senior and mezz lenders, so as to ensure we can still look to achieve the gearing that was being achieved back in 2019.  90% loan to cost, equating to just over £20m, for a consented PBSA studio scheme in Edinburgh, was procured for our client.