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Manchester (St John Street) Residential Mezzanine Loan

Bridging loan to purchase office prior to planning

Interested in this loan? Check the Resale Marketplace for availability

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
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
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If you would like to able to view the Loan Documents
Relendex Limited is registered in England, Company Number 07486328
Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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Important Notice

Relendex Limited is authorised and regulated by the Financial Conduct Authority (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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