Loan Details - Clapham South Residential Redevelopment

LOAN AMOUNT
£525,000
LOAN TERM
12 months
Days to Repayment:
LENDER INTEREST RATE
8.25% p.a.
LOAN TO VALUE (LTV)
38%
Clapham South Residential Redevelopment

Loan to refinance and continue refurbishment works to a 5-bed Victorian property in Clapham South.

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KEY LOAN DETAILS
Annual interest:
£52,500
Security:
1st legal charge
Guarantee:
No
Additional collateral:
No
Interest serviceability:
Retained from loan proceeds for the loan term
Capital repayment:
From the sale or refinance prior to expiry of the term
Purpose of loan:
Refinance
KEY PROPERTY DETAILS
Valuation / Est. current value:
£1,400,000
Use:
Residential
Location:
London

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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Relendex Limited is registered in England, Company Number 07486328 Registered Office: Ground Floor, 45 Pall Mall, St James’s London, SW1Y 5JG

 

Relendex Limited is registered under the Data Protection Act, Registration Number PZ2708231

 

 


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