Bristol South Mixed Use Redevelopment Loan
Loan to finance the purchase of an existing semi commercial property, let to an established retail tenant at ground floor, and the refurbishment of 2 apartments on the upper floors to be let upon completion of works.
Interested in this loan? Check the Resale Marketplace for availability
Loan Amount
£350,000
Loan Term
12 months
Lender Interest Rate
8.75% p.a.
Loan To Value (LTV)*
65%
Key Loan Details
Annual interest
£36,750
Security
First Charge
Guarantee
Yes - The principal director/shareholder is providing a guarantee for capital of £87,500 and interest due under the loan
Additional collateral
Yes
Interest serviceability
Interest will be serviced from retained loan proceeds for the term of the loan
Capital Repayment
From a refinance or sale of the individual commercial and residential units.
Purpose of loan
Purchase and Refurbishment
Key Property Details
Valuation
£540,000
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
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