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Berkshire Commercial Bridging Loan

Refinance of an existing petrol filling station property pending redevelopment into a modern facility pre-let to a major operator.

Loan Amount
£600,000
Loan Term
12 months
REPAID
Lender Interest Rate
8.75% p.a.
Loan To Value (LTV)*
50%
Key Loan Details

Annual interest
£60,000
Security
1st legal charge
Guarantee
Floating charge from the Borrower and Interest Deposit Account
Interest serviceability
From retained loan proceeds for the term of the loan
Capital Repayment
From a refinance of the Property on to a development loan
Purpose of loan
Refinance
Key Property Details

Valuation
£1,200,000
Use
Commercial
Location
Berkshire
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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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