Renshaw Street Liverpool Loan Refinancing



Loan Amount
£300,000
Loan Term
36 months
REPAID
Lender Interest Rate
7.25%
Loan To Value (LTV)
20% (covenant 30%)
Key Loan Details

Security
1st legal chargeover the Property

Additional collateral
Debenture from the Borrower

Interest serviceability
Interest will be funded by drawdown of this loan for the first 12 months and thereafter from net rental income

Capital Repayment
From refinance of the Propertyprior to expiry of the Term

Purpose of loan
To refinance an existing Relendex loan of £250,000 secured on the investment property at 78-82 Renshaw Street, Liverpool, L1 4EN (the "Property"), finance interest due under the loan for the first 12 months and provide a release of funds to the Borrower
Key Property Details

Valuation
£1,530,000

Use
Retail

Location
North West
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Relendex Limited is registered in England, Company Number 07486328
Registered Office: 45 Pall Mall, St James's, London. SW1Y 5JG
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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