Bedminster (West Street) Residential Redevelopment Stage 3 Loan (RSP) -
Junior Tranche
To complete the conversion of former commercial premises into 8 apartments with sales reservations agreed on each
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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
£28,000
Loan Term
7 Months
Lender Interest Rate
7.5%
Loan To Value (LTV)*
60%
Key Loan Details
Annual interest
£2,100
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
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