Telford (Sunnyside Road) Residential Development Loan -
Senior Tranche
Phase 1 Development of 3 detached houses supported by collateral security of phase 2 site
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
£441,500
Loan Term
14 months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
47%
Key Loan Details
Annual interest
£28,698
Security
1st Legal Charge
Guarantee
Personal Guarantees From the directors for the full 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
£930,000
Use
Residential
Location
Telford
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
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