Loan Details - Bristol South Residential Redevelopment Loan

LOAN AMOUNT
£370,000
LOAN TERM
12 months
Days to Repayment:
LENDER INTEREST RATE
8.75% p.a.
LOAN TO VALUE (LTV)
60%
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
KEY LOAN DETAILS
Annual interest:
£37,000
Security:
1st legal charge
Guarantee:
Yes - Personal guarantee for a limited amount of capital and interest due under the loan.
Additional collateral:
No
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

Important Notice

 

Relendex Limited is regulated in the United Kingdom by the Financial Conduct Authority and entered on the Financial Services Register - 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.
View Notice in full

 

Relendex Limited is registered in England, Company Number 07486328 Registered Office: Ground Floor, 45 Pall Mall, St James’s London, SW1Y 5JG

 

Relendex Limited is registered under the Data Protection Act, Registration Number PZ2708231

 

 


Grow Your Money