Lending

Lending is Laxfield’s core business. We provide finance solutions for commercial real estate investors for a wide range of property types and sectors. We execute efficiently and structure flexibly to match asset strategy. Our current lending products include:

LAXFIELD LLP

Debt fund which provides whole loans of £7m-£100m at up to 75% LTV across the UK

Laxfield is the manager of
Laxfield LLP which provides
stretch senior, whole loan and capex facilities.

LAXFIELD NATIONAL

Senior loans of £4m-20m

Laxfield National offers
senior loans of 1-7 years at up to 65% LTV in all mainstream commercial and residential sectors for assets in England, Scotland
and Wales.

SPECIAL SITUATIONS

Non-standard lending including high leverage, development, bridging and respositioning funding from £5m

Funding for more complex strategies at up to 85% LTV, loan term 6 months – 3 years.

PROGRAMME PARAMETERS

  • Programme – Laxfield LLP
  • Strategy – Whole Loans
  • Loan Size – £7m-£100m
  • Maximum LTV – Up to 75% LTV uni-tranche
  • Interest Margin – Typically 350-450 bps
  • Sectors – All commercial and residential sectors including operational properties such as hotels and student accommodation. No appetite for healthcare, pub portfolios and casinos / gaming
  • Geographies – England, Scotland, Wales
  • Investment Loans – Yes including properties with short income
  • Development Loans – Capex / refurbishment of existing buildings, including speculative capex of commercial properties, up to 75% LTC. No ground-up commercial or residential development.
  • Site Loans – Where existing use underpins value
  • Term – 2-7 years
  • Fixed / Floating Rate – Fixed coupon and floating rate (3 month LIBOR) options available
  • Security and Documentation – Standard SPV security package, LMA documentation
  • Personal Guarantees – Not required
  • Timing – Usually 4-6 weeks from inception to drawdown
  • ContactChris McMain, Bryan Hawkins, Philip Skelton

CASE STUDIES

Mixed Use Portfolio

Location: Scotland

Loan: £80m

LTV: 75%

Term: 5 years

Refinance of a high quality portfolio of leased and operational assets including some assets at early stages of stabilisation

Office

Location: Leeds

Loan: £15m

LTV: 65%

Term: 5 years

Acquisition finance on a part vacant office building to support a capex and reletting strategy

Student Accommodation

Location: Glasgow

Loan: £40m

LTV: 71%

Term: 3 years

Take out of development finance during trading stabilisation phase

Hotel

Location: London

Loan: £20m

LTV: 60%

Term: 5 years

Take out of development finance at the point of practical completion on an owner-managed hotel

Office

Location: London

Loan: £35m

LTV: 64%

Term: 4.5 years

Acquisition finance for a single let office building, loan expiry coterminous with remaining lease term

Serviced Apartments

Location: London

Loan: £40m

LTV: 70%

Term: 5 years

Higher LTV refinance of a stable portfolio of managed serviced apartments

LAXFIELD LLP

Debt fund which provides whole loans of £7m-£100m at up to 75% LTV across the UK

Laxfield is the manager of
Laxfield LLP which provides
stretch senior, whole loan and capex facilities.

Learn More

PROGRAMME PARAMETERS

  • Programme – Laxfield National
  • Strategy – Senior Loans
  • Loan Size – £4m-£20m
  • Maximum LTV – Up to 65% LTV
  • Interest Margin – Typically 275-350 bps
  • Sectors – All commercial and residential sectors including operational properties such as hotels and student accommodation. No appetite for healthcare / casinos / gaming
  • Geographies – UK and Republic of Ireland
  • Investment Loans – Yes including properties with short income
  • Development Loans – No
  • Site Loans – No
  • Term – 1-7 years
  • Fixed / Floating Rate – Floating rate (3m LIBOR) options available
  • Security and Documentation – Standard SPV security package, short-form documentation
  • Personal Guarantees – Not always required
  • Timing – Usually 4-6 weeks from inception to drawdown
  • ContactBryan Hawkins, Chris McMain, Rikki Lewis

CASE STUDIES

Hotel

Location: Manchester & Bristol

Loan: £9.1m

LTV: 60% LTV

Term: 5 years

Senior investment facility secured on leased hotels owned by a fund

Office

Location: Chiswick

Loan: £7m

LTV: 60%

Term: 5 years

Senior loan secured on good quality office let to serviced office tenant

Prime London Retail

Location: Central London

Loan: £5.7m

LTV: 60%

Term: 5 years

Senior loan secured on high quality retail with residential / office above

Boutique Hotel

Location: Central London

Loan: £5m

LTV: 47%

Term: 5 years

Senior loan secured on high quality boutique hotel, facility supported borrower through refurbishment and stabilisation phases

Office

Location: South East

Loan: £4m

LTV: 55%

Term: 5 years

Senior loan secured on multi-let asset with good occupancy history

Residential

Location: Strong London locations

Loan: £4.2m

LTV: 60%

Term: 5 years

Well-let portfolio of residential assets in desirable London locations with good transport links

LAXFIELD NATIONAL

Senior loans of £4m-20m

Laxfield National offers
senior loans of 1-7 years at up to 65% LTV in all mainstream commercial and residential sectors for assets in England, Scotland
and Wales.

Learn More

PROGRAMME PARAMETERS

  • Programme – Special Situations
  • Strategy – Complex loans
  • Loan Size – £5m+
  • Maximum LTV – No maximum threshold
  • Interest Margin – Typically 700-900bps
  • Sectors – All commercial and residential sectors including operational properties such as hotels and student accommodation
  • Geographies – UK and ROI
  • Investment Loans – Yes including properties with short income
  • Development Loans – Yes including ground up
  • Site Loans – Yes
  • Term – 6-36 months
  • Fixed / Floating Rate – Floating rate (3 month LIBOR) options
  • Security and Documentation – Standard SPV security package, LMA documentation
  • Personal Guarantees – Not always required
  • Timing – Usually 4-6 weeks from inception to drawdown
  • ContactPhilip Skelton, Alexandra Lanni

SPECIAL SITUATIONS

Non-standard lending including high leverage, development, bridging and respositioning funding from £5m

Funding for more complex strategies at up to 85% LTV, loan term 6 months – 3 years.