Portland Residential Development Loan
Junior Tranche
To purchase and convert 3 flats into 4 flats
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
£130,000
Loan Term
12 months
Lender Interest Rate
10.25%
Loan To Value (LTV)*
74%
Key Loan Details
Annual interest
£13,325
Security
1st Legal charge
Guarantee
Personal guarantee from the borrower
Interest serviceability
Interest will be retained from the loan proceeds for the term of the loan
Capital Repayment
From the sale of the completed units
Purpose of loan
Development
Key Property Details
Valuation
£460,000
Use
Residential
Location
Portland, Dorset
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