Hemel Hempstead Residential Development Loan - Stage 2


To refinance and demolish and existing bungalow property in Hemel Hempstead, Hertfordshire and build a pair of 3-bedroomed chalet style bungalows.

Loan Amount
£275,000
Loan Term
11 months
Lender Interest Rate
8.5%
Loan To Value (LTV)
62%
Key Loan Details

Annual interest
£27,500

Security
1st legal charge

Guarantee
Full guarantee from the Borrowers for all sums due under the loan

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

Capital Repayment
From 100% of the proceeds of sale and/or refinancing of the Properties on completion of the development works

Purpose of loan
Refinance & Development
Key Property Details

Valuation
£1,100,000

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

Please contact Lender Support if you don't have access to Box
Register as a Lender

If you would like to able to view the Loan Documents
Relendex Limited is registered in England, Company Number 07486328
Registered Office: 45 Pall Mall, St James's, London. SW1Y 5JG
Important Notice

Relendex Limited is regulated in the United Kingdom by the Financial Conduct Authority and entered on the Financial Services Register - FRN 723117.

Lenders participating in these arrangements should be clearly aware that any sum lent through the Exchange is a loan and not a deposit and its repayment is not guaranteed. It is in the nature of an investment opportunity. Any investor should consider an appropriate spread of risk. Non-institutional investors should seek professional advice before lending through the Relendex Exchange.

View Notice in full
Relendex Limited is registered under the Data Protection Act, Registration Number PZ2708231
(c) Relendex Limited 2018 All rights reserved