Loan Details - London Residential Investment Bridging Loan

LOAN AMOUNT
£740,000
LOAN TERM
12 months
Days to Repayment:
LENDER INTEREST RATE
8.75% p.a.
LOAN TO VALUE (LTV)
68 %, inclusive of prior ranking Local Authority charges.
London Residential Investment Bridging Loan

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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 / Est. current value:
£1,390,000
Use:
Residential
Location:
London

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.
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Relendex Limited is registered in England, Company Number 07486328 Registered Office: Ground Floor, 45 Pall Mall, St James’s London, SW1Y 5JG

 

Relendex Limited is registered under the Data Protection Act, Registration Number PZ2708231

 

 


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