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.
Loan Amount
£300,000
Loan Term
12 months
REPAID
Lender Interest Rate
8.75% p.a.
Loan To Value (LTV)*
67%
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
Capital Repayment
From 100% of the proceeds for the term of the loan
Purpose of loan
Development
Key Property Details
Valuation
£450,000
Use
Residential
Location
South East
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