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Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
Glastonbury (Rowley Road) Residential Development Loan -
Junior Tranche

Loan to enable the construction of 4 semi-detached properties on land already owned.

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
Loan Amount
£119,500
Loan Term
15 Months
Lender Interest Rate
9.50%
Loan To Value (LTV)*
70%
Key Loan Details

Annual interest
£12,248.75
Security
1st charge over the property
Guarantee
The loan is in the personal names of the borrowers and thus there is full recourse to them personally for all sums due under the loan
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
Key Property Details

Valuation
£1,585,000
Use
Residential
Location
South West
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

Please contact Lender Support if you don't have access to 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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