South Liverpool Residential Development
Loan to refinance and redevelop a Grade II listed period mansion house into 9 apartments for resale in a desirable Liverpool suburb
Interested in this loan? Check the Resale Marketplace for availability
Loan Amount
£870,000
Loan Term
12 months
Lender Interest Rate
8.5% p.a.
Loan To Value (LTV)*
50%
Key Loan Details
Annual interest
£87,000
Security
1st legal charge
Guarantee
Personal guarantee from the directors for loan capital of £200,000 and interest due under the loan
Additional collateral
Floating charge from the Borrower
Interest serviceability
From retained loan proceeds for 9 months and thereafter by the Borrower from net sale proceeds.
Capital Repayment
From a sale of the individual apartments
Purpose of loan
Refinance and redevelop
Key Property Details
Valuation
£1,750,000
Use
Residential
Location
North West
Virtual Data Room
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