Barnstaple (Willow Tree) Residential Redevelopment
Junior Tranche


Refinance and provide funds for a partially completed development comprising of a 5 bed bungalow extension

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Loan Amount
£80,000
Loan Term
12 months
Days to Repayment:
Lender Interest Rate
10.25%
Loan To Value (LTV)
70%
Key Loan Details

Annual interest
£8,200

Security
1st Legal Charge

Guarantee
Personal Guarantee provided by the Principal

Interest serviceability
Interest to be retained

Capital Repayment
Refinance

Purpose of loan
Refinance and provide funds for a partially completed development
Key Property Details

Valuation
£370,000

Use
Residential

Location
North Devon
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