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Bridge House Residential Redevelopment Loan (Stage 2 of 2)

To complete the development of a former Victorian merchant's house in Sefton Park, Liverpool and to redevelop it into 3 large apartments and a separate detached 4-bedroomed cottage.

Loan Amount
£400,000
Loan Term
9 months
Days to Repayment:
Lender Interest Rate
8.5%
Loan To Value (LTV)
65%
Key Loan Details

Annual interest
£21,000
Security
1st Legal Charge
Guarantee
Personal recourse to the Borrowers all sums due under the loan
Interest serviceability
From retained loan proceeds for the term
Capital Repayment
From the sale or refinance of the Property on completion of the redevelopment works
Purpose of loan
Completion of development works
Key Property Details

Valuation
£2,790,000
Use
Residential
Location
North West
Virtual Data Room

Registered(Approved) Lenders may view Loan Documents such as the Valuation Report in more detail in our Virtual Data Room - hosted online by Box

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If you would like to able to view the Loan Documents
Relendex Limited is registered in England, Company Number 07486328
Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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Important Notice

Relendex Limited is authorised and regulated by the Financial Conduct Authority (FRN: 723117).

Lenders participating in these arrangements should be clearly aware that any sum lent through the Exchange is a loan and not a deposit and its repayment is not guaranteed. It is in the nature of an investment opportunity. Any investor should consider an appropriate spread of risk. Non-institutional investors should seek professional advice before lending through the Relendex Exchange.

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