Cheltenham (Swindon Village) Development Loan Stage 2 -
Junior Tranche
To fund the development of a plot of land in Swindon Village, Cheltenham for the construction of 5 detached houses.
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IMPORTANT
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
Loan Amount
£172,000
Loan Term
18 Months
Lender Interest Rate
8.25%
Loan To Value (LTV)*
67%
Key Loan Details
Annual interest
£14,190
Security
1st legal charge over the Property
Guarantee
Guarantee from the director for 20% of the capital value of the loan plus interest
Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan
Capital Repayment
Sale on completion
Purpose of loan
Development
Key Property Details
Valuation
£3,125,000
Use
Residential
Location
South West
Virtual Data Room
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