Southampton (Shirley Road) Development Exit Bridging Loan -
Junior Tranche
Development Exit Bridging Loan to refinance 7 remaining apartments of a conversion of 10 apartments funded by a Relendex development loan.
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
£195,000
Loan Term
6 Months
Lender Interest Rate
7.5%
Loan To Value (LTV)*
61%
Key Loan Details
Annual interest
£14,625
Security
1st charge over the property
Guarantee
PG from the directors for all sums due
Interest serviceability
To be serviced from retained loan funds and sales proceeds
Capital Repayment
Sales of units
Purpose of loan
Bridging
Key Property Details
Valuation
£1,896,850
Use
Residential
Location
South East
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
Please contact Lender Support if you don't have access to Box
Register as a Lender
If you would like to able to view the Loan Documents
