Auction Details - Wirral Residential Bridging Loan

LOAN AMOUNT
£575,000
LOAN TERM
12 months
Days to Repayment:
LENDER INTEREST RATE
8.25% p.a.
LOAN TO VALUE (LTV)
52%
Wirral Residential Bridging Loan

Bridging loan to refinance a substantial Victorian merchant's house in a good location in Birkenhead, Wirral with planning for conversion into apartments and for new build houses and apartments in the grounds.

Interested in this loan? Check Resale Marketplace for availability
KEY LOAN DETAILS
Annual interest:
£57,500
Security:
1st legal charge
Guarantee:
Yes - Personal guarantee for a limited extent of capital and interest due under the loan
Additional collateral:
Yes - Debenture from the borrowing company
Interest serviceability:
Interest serviced by proceeds retained from the loan
Capital repayment:
By a sale of the Property as a development oppotunity with the benefit of the current planning consent.
Purpose of loan:
Refinance
KEY PROPERTY DETAILS
Estimated value:
£1,100,000
Use:
Residential
Location:
North West

Important Notice

 

Relendex Limited is regulated in the United Kingdom by the Financial Conduct Authority and entered on the Financial Services Register - 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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