North Molton Residential Development Loan
Junior Tranche
Purchase remaining site and provide funds for the construction of phase 1, of 6 houses
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
£340,000
Loan Term
12 months
Lender Interest Rate
10.25%
Loan To Value (LTV)*
70%
Key Loan Details
Annual interest
£34,850
Security
1st Legal Charge
Guarantee
Personal Guarantees provided by the Director/Shareholder for the capital value of the gross loan plus interest and cost overruns
Interest serviceability
Interest to be retained
Capital Repayment
Sale of the completed houses
Purpose of loan
Purchase remaining site and provide funds for the construction of phase 1, of 6 houses
Key Property Details
Valuation
£1,681,000
Use
Residential
Location
Devon
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
Register as a Lender
If you would like to able to view the Loan Documents
