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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
REPAID
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
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
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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