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Glastonbury (Rowley Road) Residential Development Loan -
Senior 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
£305,500
Loan Term
15 Months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
50%
Key Loan Details

Annual interest
19,857.50

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
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Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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