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Gosport (Priddys Hard) Development Exit Stage 1 Loan (RSP) (G) -
Senior Tranche


To refinance the 6 remaining finished properties to raise funds until they are sold

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
£330,000
Loan Term
9 Months
Lender Interest Rate
6.75%
Loan To Value (LTV)*
45%
Key Loan Details

Annual interest
£22,275

Security
1st legal charge

Guarantee
From the borrower for £250,000 of the capital value of the loan plus all interest accrued and cost overruns

Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the Loan

Capital Repayment
Sale of the units

Purpose of loan
Development Exit
Key Property Details

Valuation
£2,320,000

Use
Residential

Location
Hampshire
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