PRIVATE FINANCE. Your Short Cut to Short Term Finance

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1 PRIVATE FINANCE Your Short Cut to Short Term Finance

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3 Benefit from our radical approach Signature is a privately owned & funded Principal Lender, backed by internationally recognised Private Equity firm Cabot Square Capital. Signature can arrange bespoke financial solutions to suit the needs of the borrower. As a bespoke lender we will consider each case on merit and are not rigid or blinkered like traditional lenders. If we say yes we mean yes. Signature is well funded and makes lending decisions in house, which allows us to adopt a flexible approach to short term finance. Our streamlined process also allows funding to be quickly made available to allow the borrower to react to opportunities that may arise. We lend from 50,000 to 500,000 for most purposes to businesses and private individuals throughout mainland England and Wales. Repayment terms range from 1 month to 12 months. All loans are based on the open market value of the property. Due to the short term nature of bridging finance, understanding how our loan will be repaid is essential. We will therefore look for a realistic exit route to be in place before funds will be released and in the absence of one, our specialist team has the expertise and experience to assist in this requirement. Signature s dedicated team has many years of banking, surveying and legal experience, so contact a decision maker to discuss a bespoke product to suit your needs.

4 No delays No up-front fee, No hidden charges All you ll get from Signature is an exceptional loan deal. We don t spring surprise charges on you or keep you waiting for an answer. As a Principal Lender, we can make immediate credit decisions and all fees are clearly stated at the outset. We appreciate the need for a quick response & turnaround. Our streamlined process and established links with our panel solicitors & surveyors ensure deadlines are met. Once we receive your enquiry an indicative offer is made, based on your estimate of the value of the property being offered as security. If you accept this offer, we arrange for a valuation and at the same time instruct solicitors to fast track the legal formalities. Throughout the process you will be kept fully informed of the status of your loan application, so that you remain in control of the timescale. Industry Accreditations: Helping Fund UK Business

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6 First Charge Commercial & Purpose RESIDENTIAL Product Features Property purchase, capital raising & refinancing LIGHT REFURBISHMENT Product Features Light refurbishment of residential property VAT PAYABLE Product Features VAT payable on property purchases Security Unregulated First Charge Only Unregulated First Charge Only Unregulated First Charge Only Borrower Individuals, Partnerships & Individuals, Partnerships & Individuals, Partnerships & UK Limited Companies UK Limited Companies UK Limited Companies LTV Up to 70% of Open Market Value 100% LTV available with additional security Amount 50,000 to 500,000 (will consider higher amounts) Interest rate Loan Term From 0.75% per month charged on a monthly basis Up to 70% of Open Market Value Up to 100% of refurbishment costs (within a maximum GDV of 60%) 50,000 to 500,000 (will consider higher amounts) 1.45% per month charged on a monthly basis Up to 70% of Open Market Value (Residential) Up tp 60% of Open Market Value (Commercial) 50,000 to 500,000 (will consider higher amounts) From 0.75% per month charged on a monthly basis 1 to 12 months 1 to 12 months Maximum 4 months Fees Arrangement fee 2% Exit fee 1% Arrangement fee 2% Exit fee 1% Arrangement fee 2% Exit fee 1%

7 Residential Bridging Loans Purpose property COMMERCIAL Product Features Property purchase, capital raising & refinancing REVOLVING TRADING FACILITY Product Features Revolving facility secured against residential Security First Charge Only Unregulated First Charge Only Borrower Individuals, Partnerships & Individuals, Partnerships & UK Limited Companies UK Limited Companies LTV Up to 60% of Open Market Value 100% LTV available with additional security Amount 50,000 to 500,000 (will consider higher amounts) Interest rate Loan Term From 0.75% per month charged on a monthly basis Up to 70% of Open Market Value 100% LTV available with additional security 50,000 to 500,000 (will consider higher amounts) 1.45% per month charged on a monthly basis 1 to 12 months 12 month facility available Fees Arrangement fee 2% Exit fee 1% Commitment fee 2% Arrangement fee 1% Renewal fee 0.75% Key Considerations Property types Most types of property considered in mainland England & Wales Unacceptable properties Non-standard construction, farms, nightclubs, pubs, hotels, petrol stations, nursing homes & land without planning. Property Tenure Freehold and Long Leasehold (minimum of 60 years remaining) Credit Profile No CCJs, mortgage arrears or defaults in the last 3 years. Any previous adverse information will be considered on an individual basis Limited Companies Directors and/or shareholder personal guarantee(s) and a debenture will be required in all cases Payment Options Interest will either be deducted from the initial advance, rolled up into the facility or serviced by the borrower on a monthly basis, subject to proof of income Upfront fees No upfront processing fees will be charged. Prior to drawdown of the loan the only costs that the borrower will be responsible for are the valuation & legal fees Legal fees The legal work will only commence on receipt of the legal fees. The borrower will be responsible for the lender s legal fees as well as its own solicitor s costs Exit route Realistic exit route to be established for each case (i.e. sale or refinance)

8 Case Study Focus: Auction finance Mr B had successfully bid on the purchase of a commercial property at auction, but failed to arrange finance ahead of the auction. The completion deadline was only 21 days away. His broker, who had been struggling to find a conventional lender that could work to that timescale, approached Signature. Signature was able to complete the purchase funding within a week, allowing the broker time to source the best long term mortgage product for Mr B. Market value not purchase price Company A was in the process of extending its property portfolio, but was becoming increasingly frustrated that traditional finance was only available against the purchase price rather than true market value of the property as the Company was obtaining good discounts from distressed sellers. Signature were introduced and provided funding against market value rather than purchase price, which despite the higher cost, allowed the Company to purchase additional properties. Purchase and part on-sale Mrs T was purchasing a distressed property already tenanted by two separate businesses, having agreed to on-sell part of the property to one of the tenants. As the on-sale could not be completed until Mrs T legally owned the property, Signature provided short term finance to secure the purchase, which allowed Mrs T to on-sell part of the property and refinance the remainder with a high street lender. Actual lending carried out by Signature s Management Team.

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11 What s the next step? 1.Get in touch 2.Arrange a meeting 3.Loan drawdown & relax! Contact us today by phone or info@signatureprivatefinance.co.uk. It s your short cut to short-term finance. To underline who we are Our shareholders are a leading private equity fund, managed by Cabot Square Capital.

12 PRIVATE FINANCE Signature Private Finance Birmingham office Avon House 435 Stratford Rd, Solihull Birmingham B90 4AA London office 1st Floor, Highlight House 57 Margaret Street London W1W 8SJ tel: fax: Industry Accreditations: Helping Fund UK Business