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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)

Interested in this loan? Check the Resale Marketplace for availability

Loan Amount
£370,000
Loan Term
6 months
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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Registered(Approved) Lenders may view Loan Documents such as the Valuation Report in more detail in our Virtual Data Room - hosted online by Box

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Relendex Limited is registered in England, Company Number 07486328
Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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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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