Sefton Park Residential Development


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

Loan Amount
£520,000
Loan Term
12 months
Days to Repayment:
Lender Interest Rate
8.75% p.a.
Loan To Value (LTV)
67%
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
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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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