Holyport Residential Development Loan - Stage 3
Tranche is for the continued development of two 3 bedroom detached houses
Interested in this loan? Check the Resale Marketplace for availability
Loan Amount
£470,000
Loan Term
7 months
Lender Interest Rate
8.50%
Loan To Value (LTV)*
62%
Key Loan Details
Annual interest
£39,950
Security
1st Legal Charge
Guarantee
Personal Guarantees from the directors for the capital value of the loan plus interest and cost overruns
Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan
Capital Repayment
From the resale of the completed units
Purpose of loan
Development
Key Property Details
Valuation
£2,200,000
Use
Residential
Location
Berkshire
Virtual Data Room
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