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Littlehampton (Terminus Road) Residential Development Loan Stage 3 -
Junior Tranche


To fund the remaining construction costs of the 9 apartments

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
£42,000
Loan Term
5 Months
Lender Interest Rate
8.75%
Loan To Value (LTV)*
60%
Key Loan Details

Annual interest
£3,675

Security
1st charge over the property

Guarantee
From the Borrower for the capital value of the loan plus interest and cost overruns.

Interest serviceability
Payable quarterly in arrears from retained loan proceeds for the term of the loan

Capital Repayment
Sale of completed apartments

Purpose of loan
Purchase and development
Key Property Details

Valuation
£1,700,000

Use
Residential

Location
South East
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Relendex Limited is registered in England, Company Number 07486328
Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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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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