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Gosport (Priddy's Peninsula) Mezzanine Stage 3 Loan (RSP) (G) (EIR 10.38%)


A previous release of equity to support other group activity and secured against the development of 8 houses on the Priddy’s Peninsula site

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Loan Amount
£125,000
Loan Term
9 Months
Lender Interest Rate
10%
Loan To Value (LTV)*
68%
Key Loan Details

Annual interest
£12,500

Security
2nd Legal charge over the property

Guarantee
From the borrower for the full facility amount i addition to all interest and cost overruns

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
Mezzanine
Key Property Details

Valuation
£3,790,000

Use
Residential

Location
South East
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