Guildford (Frog Grove Lane) Residential Development Stage 2 Loan -
Junior Tranche
Stage 2 funding of a partially complete development site compirsing of 2, 4 bed detached homes
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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
£67,500
Loan Term
6 Months
Lender Interest Rate
9.75%
Loan To Value (LTV)*
59%
Key Loan Details
Annual interest
£6,581
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 continued development of 2, 4 bed detached houses.
Key Property Details
Valuation
£1,750,000
Use
Residential
Location
Surrey
Virtual Data Room
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