Bedminster (West Street) Residential Redevelopment Loan (RSP) -
Junior Tranche
Conversation of an already owned building at ground floor level into 8 apartments.
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
£41,500
Loan Term
12 Months
Lender Interest Rate
7.5%
Loan To Value (LTV)*
60%
Key Loan Details
Annual interest
£3,112
Security
1st charge over the property
Guarantee
From the Directors for £250,000 for an aggregate of capital, interest accrued and cost overruns
Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan
Capital Repayment
Sale of the units on completion
Purpose of loan
Redevelopment
Key Property Details
Valuation
£1,448,000
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
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