Southampton (Shirley Road) Development Exit Bridging Loan -
Senior Tranche


Development Exit Bridging Loan to refinance 7 remaining apartments of a conversion of 10 apartments funded by a Relendex development loan.

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IMPORTANT
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Loan Amount
£955,000
Loan Term
6 Months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
50%
Key Loan Details

Annual interest
£62,075

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
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Relendex Limited is registered in England, Company Number 07486328
Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

Important Notice

Relendex Limited is authorised and regulated by the Financial Conduct Authority (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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