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Watford Residential Redevelopment Loan - The Chase


A bridging loan to refinance and redevelopment of a 5 bedroom property in Watford. The property will be converted into 2 separate flats and 1 semi-detached house for individual resale.

Interested in this loan? Check the Resale Marketplace for availability

Loan Amount
£535,000
Loan Term
12 months
Lender Interest Rate
8.5%
Loan To Value (LTV)*
67%
Key Loan Details

Annual interest
£58,850

Security
1st Legal charge

Guarantee
Personal guarantee for the full amount of capital and interest due under the loan.

Additional collateral
Debenture from the Borrower

Interest serviceability
Interest retained from loan proceeds for the loan term

Capital Repayment
From the sale of the completed properties

Purpose of loan
Refinance and redevelopment
Key Property Details

Valuation
£800,000

Use
Residential

Location
Hertfordshire
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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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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