Sefton Park (Sandringham) Residential Redevelopment Stage 2 Loan-
Junior Tranche


A second stage loan to complete the redevelopment of a Victorian property in South Liverpool into 10 apartments

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IMPORTANT
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
Loan Amount
£170,000
Loan Term
8 Months
Lender Interest Rate
10.25%
Loan To Value (LTV)*
73%
Key Loan Details

Annual interest
£17,015

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
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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

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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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