Aspects of Senior Debt Used by and Available to Property Development Companies
Describes research undertaken to assist property companies trying to raise finance and their advisers. The information was obtained from postal questionnaires sent to 530 property development companies and 200 potential providers of property finance. Subjects covered were: the length of the typical term loan, sources of debt, security required, margin over base paid, lending fees incurred and treatment of interest. In each case compares the choice of the companies with what is offered by the lenders.