London Residential Investment Bridging Loan



Loan Amount
£740,000
Loan Term
12 months
REPAID
Lender Interest Rate
8.75% p.a.
Loan To Value (LTV)
66 %, inclusive of prior ranking Local Authority charges.
Key Loan Details

Security
2nd legal charges over the Properties(behind conditional charges by the Local Authority only)

Guarantee
Personal Guarantee from the sole shareholder/director of the Borrower

Additional collateral
Debenture from the Borrower

Interest serviceability
Quarterly in arrears from retained loan proceeds for 6 months and thereafter by the Borrower.

Capital Repayment
From the refinance of the Properties

Purpose of loan
To support the acquisition of an apartment in Marylebone, London and to refinance an apartment in Covent Garden, London(the"Properties")
Key Property Details

Valuation
£1,390,000

Use
Residential

Location
London
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
Relendex Limited is registered in England, Company Number 07486328
Registered Office: 45 Pall Mall, St James's, London. SW1Y 5JG
Important Notice

Relendex Limited is regulated in the United Kingdom by the Financial Conduct Authority and entered on the Financial Services Register - 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.

View Notice in full
Relendex Limited is registered under the Data Protection Act, Registration Number PZ2708231
(c) Relendex Limited 2018 All rights reserved