Allerton (Mapledale Road) Mixed Use Redevelopment Stage 1 Loan -
Senior Tranche
To refinance and redevelop a commercial property to provide 4 apartments above retail and offices at ground and 1st floors in Allerton, Liverpool.
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IMPORTANT
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
Loan Amount
£606,000
Loan Term
12 Months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
50%
Key Loan Details
Annual interest
£39,390
Security
1st Legal Charge
Guarantee
Personal Guarantee from the directors for all sums due under the loan.
Interest serviceability
Interest will be payable quartley in arrears from proceeds retained from the Loan
Capital Repayment
From sales of the apartments and refinance of the commercial space
Purpose of loan
Refinance and redevelopment.
Key Property Details
Valuation
£1,825,000
Use
Mixed-Use
Location
North West
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