Baltonsborough (St Dunstan's Mede) Residential Development Loan (RSP) (G) - Stage 7
A stage 7 loan to fund the continued development of a scheme of 52 houses
Loan Amount
£200,000
Loan Term
39 Months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
50%
Key Loan Details
Annual interest
£13,000
Security
1st Legal Charge
Guarantee
Personal Guarantee from the Director for £1m of the capital amount and interest and cost overruns
Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the Loan
Capital Repayment
From the sale of the individual plots
Purpose of loan
Development
Key Property Details
Valuation
£16,740,000
Use
Residential
Location
South 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
Please contact Lender Support if you don't have access to Box
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If you would like to able to view the Loan Documents
