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Kingkerswell (Aller Road) Residential Development Stage 2 Loan -
Senior Tranche

Continued development works for the 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
Loan Amount
£159,500
Loan Term
3 Months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
50%
Key Loan Details

Annual interest
£10,367
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

Please contact Lender Support if you don't have access to Box
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If you would like to able to view the Loan Documents
Relendex Limited is registered in England, Company Number 07486328
Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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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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