Auction Details - Renshaw Street Liverpool Loan Refinancing

LOAN AMOUNT
£300,000
LOAN TERM
36 months
REPAID
LENDER INTEREST RATE
7.25% p.a.
LOAN TO VALUE (LTV)
20% (covenant 30%)
Renshaw Street Liverpool Loan Refinancing

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 / Est. current value:
£1,530,000
Use:
Retail
Location:
North West




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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Relendex Limited is registered in England, Company Number 07486328 Registered Office: Ground Floor, 45 Pall Mall, St James’s London, SW1Y 5JG

 

Relendex Limited is registered under the Data Protection Act, Registration Number PZ2708231

 

 


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