Bristol South Residential Redevelopment Loan


Loan to finance the extension and conversion into 4 apartments of a semi-commercial property in a popular south Bristol suburb for individual re-sale

Interested in this loan? Check the Resale Marketplace for availability

Loan Amount
£370,000
Loan Term
12 months
Days to Repayment:
Lender Interest Rate
8.75% p.a.
Loan To Value (LTV)
60%
Key Loan Details

Annual interest
£37,000

Security
1st legal charge

Guarantee
Personal guarantee for a limited amount of capital and interest due under the loan.

Interest serviceability
Interest serviced by retained loan proceeds

Capital Repayment
From the net proceeds from the sale of the refurbished and redeveloped apartments

Purpose of loan
Refinance and Redevelopment
Key Property Details

Valuation
£620,000

Use
Residential

Location
South West
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