Facility
£1,500,000
Current balance
£1,388,552
All-in rate
9.75%
Term
24 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 3 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 28 Feb 2022 | £12,188 | £62,500 | £74,688 | £1,437,500 |
| 2 | 28 Mar 2022 | £11,680 | £62,500 | £74,180 | £1,375,000 |
| 3 | 28 Apr 2022 | £11,172 | £62,500 | £73,672 | £1,312,500 |
| 4 | 28 May 2022 | £10,664 | £62,500 | £73,164 | £1,250,000 |
| 5 | 28 Jun 2022 | £10,156 | £62,500 | £72,656 | £1,187,500 |
| 6 | 28 Jul 2022 | £9,648 | £62,500 | £72,148 | £1,125,000 |
| 7 | 28 Aug 2022 | £9,141 | £62,500 | £71,641 | £1,062,500 |
| 8 | 28 Sept 2022 | £8,633 | £62,500 | £71,133 | £1,000,000 |
Facility history
Continuous, auditable record from application to closure
28 Jan 2022
Facility drawn
£1,500,000 released to solicitor client account
28 Jan 2022
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
28 Jan 2022
DD mandates live
3 mandates confirmed with BACS bureau
28 Mar 2022
First collection
£74,688 collected and allocated
28 May 2022
Covenant test — Q1
DSCR 2.08x against 1.25x floor
Credit profile
- Company number
- 05950389
- Sector
- Hotels & Leisure
- Security
- Asset Backed
- LTV
- 71%
- Leverage
- 1.3x
- DSCR
- 2.08x
- Drawdown
- 28 Jan 2022
- Grade
- G3/5
Lender allocation
Attribution held in the ledger
£475,031 outstanding
£438,490 outstanding
£475,031 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file