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BORROWERS

Garhill are an asset based lender, providing capital on a fast and flexible basis, allowing you to move your business or project forward.

 

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.

Our services include:

  • Property finance

  • Bridging loans

  • Cashflow assistance

  • Refinancing

 

Q&A - BORROWERS

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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 £500,000 per project.

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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 he 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 either Tony or Alan by phone or email   shown below:

Alan Herbertson

07593 246 220   

alan@garhill.com

or

Tony Harris

07768 414 232    

tony@garhill.com