Angmering (Water Lane) Residential Development Stage 2 Loan -
Senior Tranche
A partially complete development site comprising of a pair of semi detached 3 bedroom homes
Interested in this loan? Check the Resale Marketplace for availability
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
£160,000
Loan Term
7 Months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
49%
Key Loan Details
Annual interest
£10,400
Security
1st Legal Charge
Guarantee
A personal guarantee from the Directors for all sums due under the loan
Interest serviceability
From retained loan proceeds for the term of the loan
Capital Repayment
Sale of the completed units
Purpose of loan
Development
Key Property Details
Valuation
£850,000
Use
Residential
Location
South
Virtual Data Room
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