Ipswich Residential Mezzanine Loan
Mezzanine loan to contribute to the redevelopment of 6 residential units at Fynn Valley Golf Club
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Loan Amount
£275,000
Loan Term
7 Months
Lender Interest Rate
10.00%
Loan To Value (LTV)*
59%
Key Loan Details
Annual interest
£27,500
Security
2nd Legal Charge
Guarantee
Personal Guarantees From the directors for interest and cost overruns
Interest serviceability
Interest will be payable quartley in arrears from proceeds retained from the Loan
Capital Repayment
Sale of the completed units
Purpose of loan
to provide funds for the continued development of 6 residential units at Fynn Valley Golf Club
Key Property Details
Valuation
£1,485,000
Use
Residential
Location
East Midlands
Virtual Data Room
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