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
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IMPORTANT
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
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
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
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