Crouch End (Haringey Park) Residential Development Loan (G)
Senior Tranche
To refinance the existing bridging loan and construct 3 new dwellings.
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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
£778,000
Loan Term
15 months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
49%
Key Loan Details
Annual interest
£70,020
Security
1st charge over the property
Guarantee
Personal Guarantees From the directors for £444,000 of the aggregate Senior and Junior facilities together with interest due under them from time to time.
Interest serviceability
From retained loan proceeds for the term.
Capital Repayment
From 100% of the net proceeds of sale and/or refinancing of Individual Properties.
Purpose of loan
Refinance & Development
Key Property Details
Valuation
£3,700,000
Use
Residential
Location
South East
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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