Bidston Hill Residential Bridging Loan


To refinance two newly built detached properties in a sought after residential location in Bidston Hill, Wirral to provide time to achieve sales.

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Loan Amount
£610,000
Loan Term
12 months
Days to Repayment:
Lender Interest Rate
8% p.a.
Loan To Value (LTV)
60%
Key Loan Details

Security
1st legal charges over the Properties

Guarantee
Joint and several personal guarantee from the directors for loan capital of £152,500 and interest due under the loan

Additional collateral
Debenture from the Special Purpose Vehicle borrowing entity

Interest serviceability
From retained loan proceeds for a minimum 9 months of the loan term

Capital Repayment
From a sale of the Properties prior to expiry of the term

Purpose of loan
Refinance
Key Property Details

Valuation
£1,020,000

Use
Residential

Location
North West
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