news updates.
Latest deal news from David Stephen Partners
We always try and send out up-to-date news on the latest deals that we broker for our clients and one of the deals I saw today I thought was worthy of publication;
- Care Home Client – existing operator, buying a third unit
- £1.52m
- 1.5% interest rate margin above base rate
- 80% loan to value
Interest rate swap details as follows;
- 12 month deferred start period
(allowing you to track the Base Rate) - Thereafter 5 year fixed rate - 2.97% plus margin
- 10 year fixed rate – 3.74% plus margin
- Other fixing periods available
This would seem to us like a good deal, especially at 80% loan to value. If you defer for the first 12 months, it is likely that you would see the benefit of further rate cuts and then fixing in funds at sub 5% overall is good by historical standards.
If you are looking for funding at the moment and are being let down by your existing funder or would like an alternative view, please contact us.
David Burrows
View David's Profile
by David Burrows
(Partner, DSP Group)
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