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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Loan Amount
£1,000,000
Loan Term
18 months
Lender Interest Rate
8.5% p.a.
Loan To Value (LTV)*
62%
Key Loan Details
Annual interest
£95,000
Security
1st legal charges
Guarantee
Personal guarantee for a limited amount of capital and interest due under the loan.
Additional collateral
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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