Crouch End (Haringey Park) Residential Development Stage 2 Loan (G) -
Junior Tranche
To fund the continued development of 3 x 3 bedroom 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
£119,500
Loan Term
11 Months
Lender Interest Rate
10%
Loan To Value (LTV)*
60%
Key Loan Details
Annual interest
£9,300
Security
1st Legal Charge
Guarantee
Personal Guarantees From the directors for £444,000 of the ultimate Facility Amount together with interest due under the Facility from time to time.
Interest serviceability
From retained loan proceeds for the term.
Capital Repayment
From 100% of the net proceeds of sale and/or refinancing of Individual Properties.
Purpose of loan
Development
Key Property Details
Valuation
£3,700,000
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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