Hammersmith (Southerton Road) Residential Development Stage 6 Loan -
Senior Tranche
Stage 6 loan to fund the continued construction of 9 houses in accordance with planning permission
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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
£148,500
Loan Term
14 Months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
50%
Key Loan Details
Annual interest
£9,653
Security
1st Legal Charge
Guarantee
Personal Guarantee from the director for interest and cost overruns
Interest serviceability
From retained loan proceeds for the term of the loan
Capital Repayment
Sale of completed units
Purpose of loan
Development
Key Property Details
Valuation
£7,160,000
Use
Residential
Location
London
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