Manchester (St John Street) Residential Mezzanine Loan


Bridging loan to purchase office prior to planning

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Loan Amount
£117,000
Loan Term
12 Months
Lender Interest Rate
10.50%
Loan To Value (LTV)*
69%
Key Loan Details

Annual interest
£12,870

Security
2nd Legal Charge

Interest serviceability
Interest will be payable quartley in arrears from proceeds retained from the Loan

Capital Repayment
Refinance onto a development loan

Purpose of loan
To purchase an office prior to planning being granted for conversion to residential
Key Property Details

Valuation
£810,000

Use
Residential

Location
Manchester
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