BORROWING FROM GARHILL

If you have a commercially viable and profitable project but have struggled to access funding from banks due to slow due diligence processes, or not ticking all the boxes, we can help!

We provide lending for a range of project types:

Development

Loans

Bridging

Loans

Cash

Flow

Refinance

BORROWING FROM GARHILL

If you have a commercially viable and profitable project but have struggled to access funding from banks due to slow due diligence processes, or not ticking all the boxes, we can help!

We provide lending for a range of project types:

Development

Loans

Bridging

Loans

Cash

Flow

Refinance

WHY BORROW FROM GARHILL?

  • We work in partnership with our borrowers

  • We don't operate in the traditional borrower/lender manner which can lead to conflict if costs increase or loan periods are not complied with

  • Our experience and support helps property developers/owners to maximise their profits

  • Due to our experience and expertise, we are able to support property developers and owners to maximise their profits

  • Direct communications with the decision makers

  • Robust and tested loan and security documentation that is clear, specific and practical, to record, monitor and assist customers and project performance

  • Speed of response and action

  • Approachable and transparent

  • These attributes result in the best outcome for the borrower and a very high percentage of repeat business for Garhill

WHY BORROW FROM GARHILL?

  • We work in partnership with our borrowers

  • We don't operate in the traditional borrower/lender manner which can lead to conflict if costs increase or loan periods are not complied with

  • Our experience and support helps property developers/owners to maximise their profits

  • Due to our experience and expertise, we are able to support property developers and owners to maximise their profits

  • Direct communications with the decision makers

  • Robust and tested loan and security documentation that is clear, specific and practical, to record, monitor and assist customers and project performance

  • Speed of response and action

  • Approachable and transparent

  • These attributes result in the best outcome for the borrower and a very high percentage of repeat business for Garhill

BORROWING FAQs

Who are Garhill?

Established in 1981, we specialise in providing loans for property projects. We commenced trading as property consultants before setting up and operating as construction contractors, property developers and investors and some 20 years ago focusing on our current activity of property lenders.

Who do you lend to?

We lend to experienced and successful property developers or owners. We support property borrowers who have specific local market knowledge, able to identify and assess property projects with a high demand for the completed product in strong residential and commercial areas.

How do you decided who to lend to?

Key factors in any assessment of an application or enquiry for finance, is the competence, experience and determination of the loan applicant(s) allied to a commercially viable exit route to repay any loan agreed.

What can I use the loan for?

For a purpose that will add value and equity to land or buildings through e.g. purchase under value, refurbishment, new build or planning gain.

What security do you require?

For property loans we take a charge on the subject property asset. We require the loan borrower(s) to take responsibility for the loan.

How much can I borrow?

The maximum loan amount to a business or individual will be determined by the equity or cash input of the borrower and the viability of the proposed project. We lend in the order of £50,000 to circa £1,500,000 per project.

How much will a loan cost?

This is assessed by analysing the risk/return relationship of the proposed loan requirement and the equity to be provided. The borrower will be required to meet the legal costs of the loan agreement and security charges, plus a valuation fee if deemed necessary. Legal costs can be subtracted from the draw-down of the loan.

When do I have to pay the loan costs?

The legal and valuation costs have to be paid prior to draw down of the loan. The loan funding costs are generally paid monthly in arrears or in some instances these costs can be rolled up and paid when the loan is repaid.

What is the loan term?

We do not have a minimum loan term although a minimum interest charge will be agreed
and recorded within the loan agreement. The loan term will be determined by how long the borrower requires the funds for. The majority of our loans are for periods between 6 and 18 months.

How and when will I start repaying my loan?

Payments can be made monthly or when the loan is repaid.

Can I choose to repay the loan early?

The loan can be repaid at any time, subject to a minimum interest charge of 3 months interest.

How do I apply for a loan?

You can contact Alan through his phone or email shown below:

Alan Herbertson

07593 246 220   

alan@garhill.com

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Garhill Ltd

Dorridge, Solihull, West Midlands

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