ABOUT CLOSE PROPERTY FINANCE
The business is run by a team of highly specialised professional bankers with a wealth of experience in our markets. This enables us to provide an exceptional service characterised by:
- Speed of response
- An intimate knowledge of the sectors that we finance
- The flexibility to meet the borrowers needs
- A consistent and reliable attitude
Each loan application is considered upon its own merits and the loan facilities are structured and priced to suit the nature and specific requirements of the case with adherence to a prudent yet commercial approach to the traditional banking tenet of ‘risk and reward’.
We will not usually consider loans below £500,000 unless there is a strong prospect of additional business and it is rare that we would lend more than £5 million on a single transaction.
All loans are granted for a period that is appropriate for the transaction with repayment usually flowing from property sales or refinance.
We are comfortable lending to established companies as well as special purpose vehicles that have been incorporated specifically for the purpose of the development. Emphasis is placed on the project management team employed to deliver it so, when lending to a company, we usually require personal guarantees but are prepared to limit these as appropriate. Security generally consists of a mortgage debenture over the borrowing vehicle and/or a first legal charge over the property.
Our sister lender, Commercial Acceptances, which has an unrivalled reputation within its sector provides Bridging Finance.
To see in more detail how we approach each of the sectors that we finance, please select the relevant section from the top navigation. If you would like to know more about the process of borrowing from us, please refer to our Guidance Notes.
If you would like to submit a proposal in writing then our Project Information Sheet may be useful as it sets out the key information that we need to be able to consider the project properly. Alternatively, speak to a Relationship Manager about your scheme or should you have any particular queries.
