Loan Details - Buckinghamshire Residential Development

LOAN AMOUNT
£300,000
LOAN TERM
12 months
Days to Repayment:
LENDER INTEREST RATE
8.75% p.a.
LOAN TO VALUE (LTV)
67%
Buckinghamshire Residential Development

To refinance a development site with planning permission in Burnham and to complete the build out of the Burnham site into a detached bungalow. Monitoring surveyor will certify phased development costs before release to the borrower.

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KEY LOAN DETAILS
Annual interest:
£30,000
Security:
1st legal charge over the Property
Guarantee:
Full guarantee from the Borrowers for all sums due under the loan
Additional collateral:
N/A
Interest serviceability:
From retained loan proceeds for the term of the loan
Capital repayment:
From 100% of the proceeds of sale and/or refinancing
Purpose of loan:
Development
KEY PROPERTY DETAILS
Valuation:
£450,000
Use:
Residential
Location:
South East

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.
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