Keinton Mandeville (Lakeview) Residential Redevelopment Stage 1 Loan (RSP) -
Senior Tranche
Refinance of the property for redevelopment into a single 5-bedroomed house and then providing funding for the development
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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
£128,500
Loan Term
12 Months
Lender Interest Rate
7%
Loan To Value (LTV)*
45%
Key Loan Details
Annual interest
£8,995
Security
1st Legal Charge
Guarantee
Personal Guarantee from the Director for 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 completed property
Purpose of loan
Development
Key Property Details
Valuation
£1,200,000
Use
Residential
Location
South West
Virtual Data Room
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