Auction Details - Greater Manchester Bridging Loan

LOAN AMOUNT
£660,000
LOAN TERM
12 months
Days to Repayment:
LENDER INTEREST RATE
10.5% p.a.
LOAN TO VALUE (LTV)
69%
Greater Manchester Bridging Loan

Interested in this loan? Check Resale Marketplace for availability
KEY LOAN DETAILS
Annual interest:
£79,200
Security:
1st Legal Charge
Interest serviceability:
Retained from the loan 6 months and serviceable from rents thereafter.
Capital repayment:
From a refinance of the properties with a term funder.
Purpose of loan:
To refinance 4 adjacent retail units in Ashton-in-Makerfield, Greater Manchester, and a semi-detached house in a Liverpool suburb
KEY PROPERTY DETAILS
Valuation / Est. current value:
£960,000
Use:
Retail
Location:
North West

Important Notice

 

Relendex Limited is regulated in the United Kingdom by the Financial Conduct Authority and entered on the Financial Services Register - 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.
View Notice in full

 

Relendex Limited is registered in England, Company Number 07486328 Registered Office: Ground Floor, 45 Pall Mall, St James’s London, SW1Y 5JG

 

Relendex Limited is registered under the Data Protection Act, Registration Number PZ2708231

 

 


Grow Your Money