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
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
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
Register as a Lender
If you would like to able to view the Loan Documents
