Barton St David (Jarmany Hill) Residential Development Loan Stage 1 (RSP) (G) (EIR 8.77%) -
Junior Tranche
Purchase of the site and construction of 5 new build houses with collateral over adjoining land. EIR is the Effective Interest Rate and assumes the re-investment of quarterly interest receipts into loans on the Relendex platform offering an equivalent interest rate as below.
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
£257,000
Loan Term
18 Months
Lender Interest Rate
8.5%
Loan To Value (LTV)*
70%
Key Loan Details
Annual interest
£21,845
Security
1st Legal Charge
Guarantee
Personal Guarantee From the director for £1,000,000 of the capital value of the loan plus interest and cost overruns
Additional collateral
(i) 1st legal charge over the Collateral Property (Land of 79.6 acres adjacent to the Property); and (ii) 2nd legal charge over the Baltonsborough Development.
Interest serviceability
From retained loan proceeds for the term of the loan
Capital Repayment
Sale of the units on completion
Purpose of loan
Development
Key Property Details
Valuation
£6,200,000
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
Register as a Lender
If you would like to able to view the Loan Documents
