Renewable Energy - Wind Turbine, Cumbria



Loan Amount
£540,000
Loan Term
36 months
REPAID
Lender Interest Rate
9% p.a.
Loan To Value (LTV)*
70% reducing to 60% at expiry of term
Key Loan Details

Security
1st charge over the leasehold interest in the Property

Guarantee
Collateral warranties from relevant parties

Additional collateral
Debenture from the Borrower Assignment of income received from the Property

Interest serviceability
193% (initial) increasing to 226% at expiry of the Term

Capital Repayment
From refinance prior to expiry of the Term

Purpose of loan
To fund the installation and operation of a single 225kW wind turbine in Cumbria(the "Property")
Key Property Details

Valuation
£770,000

Use
Renewable Energy

Location
North West
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