Instead of focusing their attention on vast amounts of possible loans, Amicus PLC has streamlined their approach by offering loans for just four entities.
The first type of loan is the refurbishment loan. With this loan, Amicus can cover 100% of the works. Traditional bank loans tend only to cover new builds and refinances, so older buildings in need of repair suffer greatly. Amicus PLC believes in making old things new again with their refurbishment lending. This type of loan can be for anything from a bathroom or kitchen renovation all the way up to a large scale office building refurbishment. With loans available from £30,000 to £7,000,000, the customer can get their project up and running quickly with a six to 18-month payback option and 0.89% – 1.25% APR with a mere 2% arrangement fee.
With the second type of loan from Amicus PLC, the development loan, the developer can get quick financing for the project up to £7,000,000 with payback options from 12 – 18 months. APRs can range from, .89% – 1.25% and properties throughout England, Scotland, and Wales are considered for the loan. A 2% arrangement fee is added to the loan in the beginning, so there are no surprises at the end of the project. This type of loan is used for expansions of existing structures that require planning permission for the project to begin.
The third type of loan from Amicus PLC is the commercial loan. With Amicus PLC loan experts, the commercial developer can obtain funds for short-term commercial projects with low-interest rates between .75% and 1.5%. The same 2% arrangement fee is added to the loan in the beginning and interest is calculated on a daily basis. This loan is intended for first charge only.
The fourth loan option encompasses the auction finance. This option works for those requiring quick access to funds for auction purposes. Both commercial and residential loans are considered, and the loan size ranges from £30,000 – £2,000,000 with an interest rate of just 0.9%. The loan covers 70% for commercial and 75% for residential and maintains a 1% arrangement fee.