Edinburgh (Slateford House) Development Finish and Exit Loan -
Junior Tranche
Refinance of the property and completion of its conversion to 6 apartments
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
£475,500
Loan Term
9 Months
Lender Interest Rate
8.25%
Loan To Value (LTV)*
70%
Key Loan Details
Annual interest
£39,229
Security
1st Legal Charge
Guarantee
Personal Guarantees From the directors for 25% of the capital value of the loan plus interest and cost overruns
Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan
Capital Repayment
Sale of the units on completion
Purpose of loan
Development Exit
Key Property Details
Valuation
£2,370,000
Use
Residential
Location
Scotland
Virtual Data Room
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