Bridge House Residential Redevelopment Loan (Stage 1 of 2)


To refinance a former Victorian merchant's house in Sefton Park, Liverpool and to redevelop it into 3 large apartments and a separate detached 4-bedroomed cottage.

There are currently loan parts worth  £5000  available to buy in the Resale Marketplace.

Loan Amount
£1,400,000
Loan Term
12 months
Days to Repayment:
Lender Interest Rate
8.5% p.a.
Loan To Value (LTV)
65%
Key Loan Details

Annual interest
£180,000

Security
1st legal charge

Guarantee
Personal recourse to the Borrowers all sums due under the loan

Interest serviceability
From retained loan proceeds for the term

Capital Repayment
From the sale or refinance of the Property on completion of the redevelopment works.

Purpose of loan
Refinance & Development
Key Property Details

Valuation
£2,790,000

Use
Residential

Location
North West
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