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Hampstead (Heath Brow) Residential Bridging Stage 1 Loan (RSP) (EIR 8.03%) - A
Senior Tranche


To Refinance the Property, provide a contribution to reimburse the cost of the construction works to implement the planning permission for the proposed development of the Property and provide an Equity Release to the Borrower. EIR is the Effective Interest Rate and assumes the re-investment of quarterly interest receipts into loans on the Relendex platform offering an equivalent interest rate as below.

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IMPORTANT
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Loan Amount
£796,000
Loan Term
12 Months
Lender Interest Rate
7.8%
Loan To Value (LTV)*
45%
Key Loan Details

Annual interest
£62.088

Security
1st Legal Charge

Guarantee
Personal Guarantee From the Principal for the full capital value of the loan plus interest and cost overruns

Interest serviceability
From retained loan proceeds for the term of the loan

Capital Repayment
Refinance onto a Development loan

Purpose of loan
Bridging
Key Property Details

Valuation
£2,000,000

Use
Residential

Location
London
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