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Hemel Hempstead Residential Mezzanine Loan


To provide funds for the completion of a current residential development

Loan Amount
£205,000
Loan Term
8 months
Lender Interest Rate
10.5%
Loan To Value (LTV)*
73%
Key Loan Details

Annual interest
£20,900

Security
2nd Legal Charge

Guarantee
The loan is in the personal names of the borrowers and thus there is full recourse to them personally for all sums due under the loan

Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan

Capital Repayment
Sale of the unit upon completion

Purpose of loan
Mezzanine
Key Property Details

Valuation
£1,100,000

Use
Residential

Location
Hertfordshire
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Relendex Limited is registered in England, Company Number 07486328
Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

Important Notice

Relendex Limited is authorised and regulated by the Financial Conduct Authority (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.

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