Loan Details - Sefton Park Residential Refurbishment Loan

LOAN AMOUNT
£520,000
LOAN TERM
12 months
Days to Repayment:
LENDER INTEREST RATE
8.75% p.a.
LOAN TO VALUE (LTV)
67%
Sefton Park Residential Refurbishment Loan

To finance the purchase and renovation of a former Victorian terrace property comprising 6 existing apartments in a south Liverpool suburb for individual re-sale.

Interested in this loan? Check the Resale Marketplace for availability
KEY LOAN DETAILS
Annual interest:
£52,000
Security:
1st legal charge
Guarantee:
Personal guarantee from the sole director for loan capital of £130,000 and interest due under the loan
Additional collateral:
Floating charge from the Borrower
Interest serviceability:
From retained loan proceeds for the loan term
Capital repayment:
From a sale of the individual apartments and the freehold
Purpose of loan:
Purchase and refurbishment
KEY PROPERTY DETAILS
Valuation:
£775,000 (Gross Development Valuation for Relendex)
Use:
Residential
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.
View Notice in full

 

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

 

 


Grow Your Money