Evesham Mixed Use Redevelopment Loan


To finance the purchase of the property and redevelopment of the upper floors in to 7 apartments above a let commercial unit (commercial tenant being Barclays Bank PLC) in Evesham, Worcestershire

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Loan Amount
£1,330,000
Loan Term
12 months
Days to Repayment:
Lender Interest Rate
8.25% p.a.
Loan To Value (LTV)
56%
Key Loan Details

Annual interest
£133,000

Security
1st legal charge

Guarantee
Personal guarantee from the borrower for all sums due under the loan

Additional collateral
Debenture from the SPV

Interest serviceability
From retained loan proceeds for the loan term

Capital Repayment
From a sale of the individual apartments

Purpose of loan
Purchase & Redevelopment
Key Property Details

Valuation
£2,392,000 (Gross Development Valuation for Relendex)

Use
Mixed Use

Location
South West Midlands
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Relendex Limited is registered in England, Company Number 07486328
Registered Office: 45 Pall Mall, St James's, London. SW1Y 5JG
Important Notice

Relendex Limited is regulated in the United Kingdom by the Financial Conduct Authority and entered on the Financial Services Register - 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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