Bridge House Residential Redevelopment Mezzanine Loan


Loan to a potential RSP candidate to continue the redevelopment of a grade 2 listed former Victorian merchant's house into 3 large apartments and a separate detached 4-bedroomed cottage.

Interested in this loan? Check the Resale Marketplace for availability

Loan Amount
£540,000
Loan Term
6 Months
Lender Interest Rate
11%
Loan To Value (LTV)*
75%
Key Loan Details

Annual interest
£59,400

Security
2nd charge over the property

Guarantee
The loan is in the personal name of the borrower and thus there is full recourse to them personally for all sums due under the loan

Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan

Capital Repayment
Sale of the units or refinance on completion

Purpose of loan
Development
Key Property Details

Valuation
£3,120,000

Use
Residential

Location
Liverpool
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Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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