Guildford (Frog Grove Lane) Residential Development Loan
Junior Tranche


Currently a plot of land with planning for 2, 4 bedroom detached houses

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Loan Amount
£180,000
Loan Term
13 months
Lender Interest Rate
9.75%
Loan To Value (LTV)
59%
Key Loan Details

Annual interest
£25,000

Security
1st Legal Charge

Guarantee
Personal Guarantees from the directors for the capital value of the loan plus, interest and cost overruns.

Interest serviceability
Interest to be retained

Capital Repayment
Sale of completed units

Purpose of loan
To provide funds for the purchase and subsequent construction of 2, 4 bed detached houses
Key Property Details

Valuation
£1,750,000

Use
Residential

Location
Surrey
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