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Farnham Residential Redevelopment Loan

Loan to refinance and convert a barn in an attractive and wealthy location on the Hampshire/Surrey border near Farnham into a 2-bedroomed detached bungalow for re-sale.

Loan Amount
420,000
Loan Term
15 months
REPAID
Lender Interest Rate
8.75
Loan To Value (LTV)*
65
Key Loan Details

Annual interest
42,000
Security
1st Legal charge
Guarantee
Yes - Full personal guarantee as the loan is in personal names
Interest serviceability
From retained loan proceeds
Capital Repayment
From the net proceeds from the sale of the redeveloped property
Purpose of loan
Refinance
Key Property Details

Valuation
650,000
Use
Residential
Location
Hampshire
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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