Sefton Park (Sandringham) Residential Redevelopment Stage 2 Loan -
Senior Tranche
A second stage loan to complete the redevelopment of a Victorian property in South Liverpool into 10 apartments
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
£255,000
Loan Term
8 Months
Lender Interest Rate
6.25%
Loan To Value (LTV)*
44%
Key Loan Details
Annual interest
£15,563
Security
1st Legal Charge
Guarantee
Personal Guarantees From the directors for 28% of the capital value of the loan plus interest and cost overruns
Interest serviceability
Interest will be payable quartley in arrears from proceeds retained from the Loan
Capital Repayment
Sale of the units upon completion
Purpose of loan
Development
Key Property Details
Valuation
£1,335,000
Use
Residential
Location
North 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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