Loan Details - Oswestry Residential Development Loan

LOAN AMOUNT
£840,000
LOAN TERM
12 months
Days to Repayment:
LENDER INTEREST RATE
8.5% p.a.
LOAN TO VALUE (LTV)
60%
Oswestry Residential Development Loan

Loan to finance the extension of a farmhouse and conversion of an adjacent barn into two separate 4-bedroomed detached properties for re-sale on land near Oswestry in Shropshire.

Interested in this loan? Check the Resale Marketplace for availability
KEY LOAN DETAILS
Annual interest:
£81,250
Security:
1st legal charges
Guarantee:
Personal guarantee from the directors for loan capital of £250,000 and interest due under the loan
Additional collateral:
Floating charge from the Borrower
Interest serviceability:
Interest serviced by retained loan proceeds
Capital repayment:
From sale of the individual properties
Purpose of loan:
Purchase and refurbishment
KEY PROPERTY DETAILS
Valuation:
£1,400,000
Use:
Residential
Location:
West Midlands

Important Notice

 

Relendex Limited is regulated in the United Kingdom by the Financial Conduct Authority and entered on the Financial Services Register - 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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