As part of our goal of being more transparent and open with our Lenders, we will be publishing our monthly statistics from now on. February saw us closing our Liverpool Mixed Use Investment Loan in under 72 hours and current auction Dundee Residential Redevelopment 90% filled (at time of publishing) in less than a week. Change is afoot in the Relendex office so keep your eyes peeled as we improve the platform and grow our loan offerings.
A word from Martin Murphy, our Senior Loan Director about how loans are assessed
“When we are assessing new lending proposals the core considerations are:
Firstly, to make sure lenders' capital is fully protected, so we will never consider highly geared loans and typically to no more than 70% of value
Secondly, that there is a very visible and achievable means of the loan being repaid, for example through a sale into an active market or through a refinance with a term lender
Finally that during the term of the loan we have retained or identified reliable sources of cash flow or income to pay interest when it falls due under the loan.
And underpinning these property specific characteristics is the fact that we will only lend to experienced operators who can demonstrate their ability to deliver what they say they are going to. If there are concerns about any of these aspects that are not sufficiently addressed then we will simply pass on the opportunity.”