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
Interested in this loan? Check the Resale Marketplace for availability
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
£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
Virtual Data Room
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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