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Bushey Residential Development Loan

Loan to demolish a bungalow and build four residential flats

Interested in this loan? Check the Resale Marketplace for availability

Loan Amount
£1,200,000
Loan Term
13 months
Lender Interest Rate
8.5%
Loan To Value (LTV)*
70%
Key Loan Details

Annual interest
£161,700
Security
1st Legal Charge
Guarantee
Personal Guarantee for the full capital and interest due for the loan term
Interest serviceability
Interest retained from the loan proceeds for the term of the loan
Capital Repayment
From the sale of the four completed residential units
Purpose of loan
Development
Key Property Details

Valuation
£2,200,000
Use
Residential
Location
Bushey, Hertfordshire
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

Please contact Lender Support if you don't have access to Box
Register as a Lender

If you would like to able to view the Loan Documents
Relendex Limited is registered in England, Company Number 07486328
Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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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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