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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
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
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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Relendex Limited is registered in England, Company Number 07486328
Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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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