Loan Details - London & Liverpool Mixed Use Bridging Loan

LOAN AMOUNT
£1,000,000
LOAN TERM
18 months
LENDER INTEREST RATE
8.5% p.a.
LOAN TO VALUE (LTV)
62%
London & Liverpool Mixed Use Bridging Loan

To refinance a semi-commercial investment property in Shadwell, London E1, to assist in the purchase of a commercial investment property in Liverpool city centre presenting longer term development opportunities.

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KEY LOAN DETAILS
Annual interest:
£95,000
Security:
1st legal charges
Guarantee:
Yes - Personal guarantee for a limited amount of capital and interest due under the loan.
Additional collateral:
Yes - Debenture from the Borrower
Interest serviceability:
Interest retained from loan proceeds for 9 months of the loan and thereafter by the Borrower/Rental Income.
Capital repayment:
From refinancing of the Properties before expiry of the term
Purpose of loan:
Refinance and purchase
KEY PROPERTY DETAILS
Valuation:
£1,620,000
Use:
Mixed Use
Location:
London and North West

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