Portland Residential Mezzanine Loan
To provide funds for the completion of a current residential development
Interested in this loan? Check the Resale Marketplace for availability
Loan Amount
£315,000
Loan Term
9 months
Lender Interest Rate
11%
Loan To Value (LTV)*
76%
Key Loan Details
Annual interest
£33,000
Security
2nd Legal Charge
Guarantee
Personal guarantees from the directors for the capital value of the loan plus interest and cost overruns
Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan
Capital Repayment
Sale of the units upon completion
Purpose of loan
Mezzanine
Key Property Details
Valuation
£2,600,000
Use
Residential
Location
Weymouth & Portland
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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If you would like to able to view the Loan Documents