Hereford (Kings Acre) Residential Development Stage 2 Loan
Junior Tranche


Stage 2 funding for the continued development of a large Residential Property

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IMPORTANT
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Loan Amount
£71,500
Loan Term
9 Months
Lender Interest Rate
10.00%
Loan To Value (LTV)*
67%
Key Loan Details

Annual interest
£7,150

Security
1st Legal Charge

Guarantee
Personal Guarantees from both directors for 30% of the capital, interest and cost overrun.

Interest serviceability
Interest will be payable quartley in arrears from proceeds retained from the Loan

Capital Repayment
Sale of the completed unit

Purpose of loan
To provide funds for the continued development of a large residential property
Key Property Details

Valuation
£800,000

Use
Residential

Location
West Midlands
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Registered Office: 45 Pall Mall, St James's, London. SW1Y 5JG

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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