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Articles tagged with #real-estate
A commercial mortgage is not sized on the price of the building. It is sized on three ratios working against each other, and the smallest of the three sets the loan. Here is the sizing walk with one worked example inside the 2026 bands.
A development exit loan is not sized on your build cost. It is sized on three numbers that most developers meet only at term sheet stage. Here is the sizing walk, with an illustrative worked example inside the 2026 published bands.
Follow the money up a real development stack in 2026: senior debt at 60 to 65 percent of cost, mezzanine to around 90 percent, stretch senior at 85 to 90 percent in one facility, then JV equity with an 8 to 12 percent priority return and a profit split. Who holds what security, and who gets paid first.
Walk the numbers on a UK bridge in 2026: LTV bands, rolled versus retained interest with a worked example at the published 0.88 percent average, the full fee stack, and why the exit decides everything.
A practitioner checklist for GP surgery and primary care finance: NHS-reimbursed income, WAULT, building quality, ownership model, reversion and covenant.
How lenders underwrite PBSA income, and why the letting model often decides your rate and leverage before the building does.
