Mossley Hill (Rose Lane) Mixed Use Light Refurbishment Loan -
Junior Tranche
To refinance the property and fund conversion works to create a 3rd apartment in addition to the current 2 x commercial units and 2 x apartments
Interested in this loan? Check the Resale Marketplace for availability
IMPORTANT
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
Loan Amount
£250,000
Loan Term
12 Months
Lender Interest Rate
7.75%
Loan To Value (LTV)*
70%
Key Loan Details
Annual interest
£19,375
Security
1st Legal Charge
Guarantee
Personal Guarantee from the directors for all sums due under the loan.
Interest serviceability
Interest will be payable quartley in arrears from proceeds retained from the Loan
Capital Repayment
Refinance of each element of the Property
Purpose of loan
Refinance and redevelopment
Key Property Details
Valuation
£1,255,000
Use
Mixed Use
Location
North West
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
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