Norwich Residential Bridging Loan
A Loan to complete the development of a house and two semi detatched properties across two development sites.
Interested in this loan? Check the Resale Marketplace for availability
Loan Amount
£560,000
Loan Term
12 months
Lender Interest Rate
8.5%
Loan To Value (LTV)*
67%
Key Loan Details
Annual interest
£63,000
Security
1st legal charge
Guarantee
Personal guarantee for the full amount of capital and interest due under the loan
Additional collateral
Debenture from the Borrower
Interest serviceability
Interest retained from loan proceeds for the term of the loan
Capital Repayment
From the sale or refinance of the completed properties
Purpose of loan
Refinance & Purchase
Key Property Details
Valuation
£895,000
Use
Residential
Location
East Anglia
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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