Clapham South Residential Redevelopment Loan - Stage 2


To refinance and provide a second tranche of funds towards the renovation of a 5-bed Victorian property in Balham/Clapham South, London. (Aggregate Debt to be £895,000)

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Loan Amount
£370,000
Loan Term
6 months
Days to Repayment:
Lender Interest Rate
8.25% p.a.
Loan To Value (LTV)
50%
Key Loan Details

Annual interest
£37,000

Security
1st legal charge

Interest serviceability
Quarterly in arrears from retained loan proceeds for the full Term

Capital Repayment
From a sale or refinance of the Property on completion of the renovation works

Purpose of loan
Refinance & Development
Key Property Details

Valuation
£1,775,000

Use
Residential

Location
South East
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