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Bristol Residential Redevelopment

Loan Amount
£185,000
Loan Term
12 months
REPAID
Lender Interest Rate
8.25% p.a.
Loan To Value (LTV)*
65%
Key Loan Details

Security
1st legal charges over the Property
Guarantee
Personal Guarantee from the principal shareholder/director of the Borrower for capital of £46,250 and interest due under the Loan
Additional collateral
Debenture from the Borrower
Interest serviceability
Quarterly in arrears from retained loan proceeds
Capital Repayment
From the sale of the Property
Purpose of loan
To support the refinance and conversion of former retail premises in Clifton, Bristol into a duplex apartment for re-sale
Key Property Details

Valuation
£285,000
Use
Residential
Location
South West
Virtual Data Room

Registered(Approved) Lenders may view Loan Documents such as the Valuation Report in more detail in our Virtual Data Room - hosted online by Box

Please contact Lender Support if you don't have access to Box
Register as a Lender

If you would like to able to view the Loan Documents
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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