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
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