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Industrial Units, Tewkesbury

Loan Amount
Loan Term
24 months
Lender Interest Rate
6.75% p.a.
Loan To Value (LTV)*
47% initial, reducing to 37% on completion of works
Key Loan Details

1st legal charge over the Property

Interest serviceability
Interest will be funded for the first 12 months of the Term by drawdown of this loan and thereafter serviced by rental income.Initial interest cover is 232%, increasing 383% on full letting of new units

Capital Repayment
From a refinance of the Property prior to expiry of the Term

Purpose of loan
To refinance a fully let trading estate of 22,000 sq ft. Equity released will enable the construction of a further 13,000 sq ft of similar accommodation at the same location in Tewkesbury, Gloucestershire
Key Property Details

£1,700,000 (Existing); £2,150,000 (On completion of works)


South West
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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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