Guildford (Frog Grove Lane) Residential Development Loan
Senior Tranche
Currently a plot of land with planning for 2, 4 bedroom detached houses
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
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
Loan Amount
£570,000
Loan Term
13 months
Lender Interest Rate
6.25%
Loan To Value (LTV)*
45%
Key Loan Details
Annual interest
£50,000
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
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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