Loan Examples

Prospect Capital funded the completion and exit of an existing residential period house development, in Wimbledon. This loan was to replace a conventional development facility and provide additional funds to complete the development which included the final finishing touches to the site such as landscaping and to provide time for the properties to sell following completion of the development. ⭣

Asset value £7,600,000

Advance £4,830,724

Security 1st charge, share charge, debenture, personal guarantee

Loan provided by PCL £2,830,724

Loan provided by co–funder £2,000,000

Prospect Capital was pleased to fund the purchase of a substantial site in Kent. The main residence is a nine-bedroom residential property, recently refurbished to a high standard. The site also comprises a six-bedroom house, two four-bedroom cottages, two three-bedroom cottages, ancillary buildings and equestrian buildings including 39 boxes, fenced paddocks and woodland, set within approximately 108 acres.

On completion of the purchase, the couple intended to split the title for all individual properties. Once the titles were split the properties were marketed for rent. The clients retained the main principal residence and once Prospect Capital were redeemed, they were able to move their family into the property.

⭣ ⭣

Asset value £5,000,000

Advance £2,017,095

Security

1st charge, share charge, debenture, personal guarantee

Loan provided by PCL £547,095

Loan provided by co–funder £1,470,000

Co–funder LTV

29%

9% Term

Co–funder interest rate

12 months charge, share charge, debenture, personal guarantee Loan provided by PCL charge, share charge, debenture, personal guarantee

Prospect Capital assisted with the purchase of an apartment just off Kensington High Street, conveniently located for the West End and central London. Prospect Capital also worked with the overseas client to refinance his UK portfolio.

Prospect Capital were pleased to assist with the acquisition of a residential property on the south side of Grosvenor Street in Mayfair. The clients, an overseas family office with an existing UK property portfolio, had a strong track record of developing assets in this sector. Subject to planning, Prospect Capital agreed to provide a development facility to further enhance the property.

Prospect Capital assisted with the acquisition of a beautiful property in St Brelade, Jersey with one of the best 180-degree sea views on the island. The client worked with the local planning department and architects to obtain consent for a new home on the site of 8,000 sq. ft. The plot could comfortably accommodate a larger home, therefore additional planning was sought to increase the size to 12,000 sq. ft, thereby increasing the GDV to £12m.