求大家帮忙翻译(英译中)

发表于:2014-07-30 12:45 [只看楼主] [划词开启]
Re: HCP AND HURSTVILLE DEVELOPMENT
We attach a copy of a building contract which subject to some minor amendments as suggested by Mr Tozer have been agreed to by the builder (who is currently in America but will amend the contract on his return shortly). Mr Hunt is asked to make a decision approving its execution as soon as those amendments are made, upon confirmation being given to the referee by Mr Tozer that its terms are now in order.
We also enclose blanked out copies of draft documentation with a new lender which will provide funding for the development. This has been negotiated by our client in order to reduce the interest rate burden which otherwise would be applicable. The interest rate payable to Balanced Securities is some 15.95%. In order to complete the development using that facility it would be necessary to enter into a second mortgage, at a much higher interest rate, in the order of 25%. To avoid that impost, and the existing and future interest rate burden under the Balanced Securities loan, Mr Xu has negotiated alternative first mortgage finance, at an effective interest rate of 13% including 8% establishment fee (described in the documentation as an advisory fee) and those funds are immediately available in two tranches of HK $200m less HK $24m establishment fee of 8% of the initial advance, following which interest of 5% per annum will be payable. The second tranche of HK $100m, will as you can see from the attached documents, also be subject to deductions having a similar net effect of an effective interest rate of 13%.
The first tranche will permit the present mortgage to be discharged and the Balanced Security documentation shows that an exit fee of some two month’s interest is payable. The first and laterthe second tranche will also permit all payments to be made under the building contract.
分类: 英语

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