Waterloo Residential Investment Bridging Loan
Refinance of a single apartment in Waterloo into Borrower's sole ownership ahead of a future sale or refinance (the "Property").
Interested in this loan? Check the Resale Marketplace for availability
Loan Amount
£440,000
Loan Term
12 months
Lender Interest Rate
8.5% p.a.
Loan To Value (LTV)*
65%
Key Loan Details
Annual interest
£44,000
Security
2nd legal charge
Guarantee
Personal guarantee for a limited amount of capital and interest due under the loan.
Interest serviceability
Quarterly in arrears from retained loan proceeds for the full Term
Capital Repayment
From a sale of the Property on completion of the renovation works.
Purpose of loan
Refinance & Development
Key Property Details
Valuation
£775,000
Use
Residential
Location
South East
Virtual Data Room
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