MIXED-USE
Case study 3
Product: First charge loan secured against a mixed-use scheme
Security: Multiple care homes and residential units across London
Gross Loan: £4,800,000
LTV: 60.20%
Term: 7 months
Borrower Type: High net worth individual
Purpose: Complicated multi-title, multi-SPV structure secured against 6 assets with 8 titles. Pivot provided the loan to enable the borrower to conduct the necessary legal changes to simplify their structure and obtain high street refinance.
Exit: High street refinance
Key Points:
- Pivot lent against the current value of the assets
- Personal guarantee and debentures taken
- Lent against complex SPV structure