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Edinburgh (St James Church) Mezzanine Stage 2 Loan

To fund the remaining construction costs for the conversion of a former church in Portobello, Edinburgh into 5 townhouses

Interested in this loan? Check the Resale Marketplace for availability

Loan Amount
£325,000
Loan Term
4 Months
Lender Interest Rate
10%
Loan To Value (LTV)*
70%
Key Loan Details

Annual interest
£32,500
Security
2nd Legal charge over the property
Guarantee
From the borrowers for £143,750 of loan capital 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
Mezzanine
Key Property Details

Valuation
£4,500,000
Use
Residential
Location
Scotland
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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If you would like to able to view the Loan Documents
Relendex Limited is registered in England, Company Number 07486328
Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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Important Notice

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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