Wirral Residential Development Loan


Loan to refinance an existing Relendex loan and to provide funds to complete the 1st phase redevelopment of 11 apartments.

There are currently loan parts worth  £6500  available to buy in the Resale Marketplace.

Loan Amount
£780,000
Loan Term
15 months
Days to Repayment:
Lender Interest Rate
8.5%
Loan To Value (LTV)
65%
Key Loan Details

Annual interest
£81,900

Security
1st legal charge

Guarantee
Personal guarantee for the full capital and interest due

Additional collateral
Debenture from the SPV borrower entity

Interest serviceability
Interest retained from loan proceeds for the term of the loan

Capital Repayment
From the sale of the completed residential units

Purpose of loan
Refinance & Redevelopment
Key Property Details

Valuation
£1,900,000

Use
Residential

Location
North West
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Relendex Limited is registered in England, Company Number 07486328
Registered Office: 45 Pall Mall, St James's, London. SW1Y 5JG
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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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