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Wirral Residential Development Loan - Stage 2

Two former Victorian residences being converted into eleven 1 and 2 bedroom apartments.

Interested in this loan? Check the Resale Marketplace for availability

Loan Amount
£460,000
Loan Term
8 months
Lender Interest Rate
8.5%
Loan To Value (LTV)*
64%
Key Loan Details

Annual interest
£48,300
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
£1,947,000
Use
Residential
Location
North West
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

Please contact Lender Support if you don't have access to Box
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If you would like to able to view the Loan Documents
Relendex Limited is registered in England, Company Number 07486328
Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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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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