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St Andrews Residential Development

Loan Amount
Loan Term
12 months
Lender Interest Rate
9.5% p.a.
Loan To Value (LTV)*
Key Loan Details

1st legal charge (Scottish equivalent) over the Property

Debenture from the Borrower Joint and several guarantee from the directors for all sums due under the Loan

Additional collateral
1st legal charges(Scottish equivalent) over the Collateral Property

Interest serviceability
Interest will be funded by drawdown of this loan

Capital Repayment
From the sale or refinance of the completed apartments

Purpose of loan
To finance the acquisition and redevelopment of a former Victorian schoolin Cupar, Fife, Scotland into 11 apartments for re-sale(the "Property")
Key Property Details

£1,100,000 for the Property and £560,000 for the Collateral Property


Virtual Data Room

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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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