Keinton Mandeville (Lakeview) Development Exit Loan Stage 4 Loan (RSP) (G) -
Junior Tranche
Stage 4 of a multi-stage loan that has refinanced previous Relendex development funding, is funding the completion of the remaining 3 houses and has provided an increase to support the development of additional sites
Interested in this loan? Check the Resale Marketplace for availability
IMPORTANT
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
Loan Amount
£82,500
Loan Term
4 Months
Lender Interest Rate
8%
Loan To Value (LTV)*
75%
Key Loan Details
Annual interest
£6,600
Security
1st Legal Charge
Guarantee
Personal Guarantee from the Director for £1m of the capital and interest due under the loan
Interest serviceability
Interest will be payable quarterly in arrears from funds already held in deposit.
Capital Repayment
Sale of the remaining 3 houses and commercial unit
Purpose of loan
Development Exit
Key Property Details
Valuation
£3,585,000
Use
Mixed Use
Location
South West
Virtual Data Room
Registered(Approved) Lenders may view Loan Documents such as the Valuation Report in more detail in our Virtual Data Room - hosted online by Box
Please contact Lender Support if you don't have access to Box
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