Residential New Build - Income producing



Loan Amount
£700,000
Loan Term
12 months
REPAID
Lender Interest Rate
8.88% p.a
Loan To Value (LTV)
52%
Key Loan Details

Security
1st legal charge over the Property

Guarantee
Joint and several guarantee from the directors of the Borrower for all interest due under the loan

Additional collateral
1st Debenture from the Borrower

Interest serviceability
From retained loan proceeds and thereafter full net rental income received from the properties

Capital Repayment
From the sale of the individual apartments during the Term

Purpose of loan
To refinance the freehold property to facilitate a disposal programme
Key Property Details

Valuation
£1,340,000

Use
Residential

Location
South West
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

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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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