Kingkerswell (Aller Road) Residential Development Loan -
Junior Tranche
Refinance of existing loan and completion of site infrastructure for 9 self build and 3 affordable home units
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
£179,500
Loan Term
11 Months
Lender Interest Rate
9.25%
Loan To Value (LTV)*
69%
Key Loan Details
Annual interest
£16,604
Security
1st Legal Charge
Guarantee
Joint and several guarantee from the directors for £442,500 in addition to interest due
Interest serviceability
From retained loan proceeds for the term of the loan
Capital Repayment
From the sale of the plots
Purpose of loan
Development
Key Property Details
Valuation
£1,260,000
Use
Residential
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
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