Latest / Prime Property Finance Podcast
REFINANCING PROPERTY Through an SPV: Understanding LETTERS OF NON-CRYSTALLISATION and Why LENDERS Request Them
Some property finance documents sound far more complicated than they actually are.
In Episode 76 of the Prime Property Finance Podcast, Gareth Morgan and Mark Watts break down what a letter of non-crystallisation is and why lenders sometimes request it when refinancing property through a limited company or SPV. This episode explains how debentures and floating charges work within company structures, why lenders need confirmation that another lender will not enforce security over company assets, and how this document protects the priority position of the new lender.
Letters of…
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