North Molton Residential Development Stage 2 Loan - Senior Tranche
Senior Tranche
A second tranche of funding to allow for the continued development 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
£150,000
Loan Term
7 Months
Lender Interest Rate
7.00%
Loan To Value (LTV)*
45%
Key Loan Details
Annual interest
£10,500
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
To provide funds for the continued development of Phase 1
Key Property Details
Valuation
£1,681,000
Use
Residential
Location
South 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
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
