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
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