Havant (East Street) Residential Development Stage 3 Loan -
Junior Tranche
Stage 3 loan to continue the construction of 26 mixed-style dwellings in Havant 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
£98,500
Loan Term
15 Months
Lender Interest Rate
8%
Loan To Value (LTV)*
67%
Key Loan Details
Annual interest
£7,880
Security
1st charge over the property
Guarantee
From the principals for all sums due under the loan
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
£7,005,000
Use
Residential
Location
South East
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