The Vale (Evesham High Street) Residential Bridging Stage 1 Loan -
Junior Tranche
Bridge to purchase the property whilst planning permission is granted for the conversion into 6 houses
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
£373,000
Loan Term
9 Months
Lender Interest Rate
8.75%
Loan To Value (LTV)*
70%
Key Loan Details
Annual interest
£32,638
Security
1st Legal Charge
Guarantee
Joint and several guarantee from the directors for 20% of the capital value of the loan plus interest.
Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan
Capital Repayment
Sale
Purpose of loan
Bridging
Key Property Details
Valuation
£2,000,000
Use
Office
Location
South West
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
