Crouch End (Haringey Park) Residential Bridging Loan
Senior Tranche


Purchase of a development site with current planning permission to build 2, 4 bed detached houses

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Loan Amount
£500,000
Loan Term
6 months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
48%
Key Loan Details

Annual interest
£32,500

Security
1st Legal Charge

Guarantee
Personal Guarantees From the directors for £143,000 of the Facility Amount together with interest due under the Facility from time to time.

Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan

Capital Repayment
Refinance onto a development product

Purpose of loan
Purchase
Key Property Details

Valuation
£1,050,000

Use
Residential

Location
Crouch End
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