Angmering (Water Lane) Residential Development Loan
Junior Tranche
Loan to purchase a development site and construct 2 semi-detached houses in Angmering, West Sussex
IMPORTANT
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
Loan Amount
£93,000
Loan Term
12 months
Lender Interest Rate
10%
Loan To Value (LTV)*
67%
Key Loan Details
Annual interest
£9,765
Security
1st charge over the property
Guarantee
Personal Guarantees from the shareholders for all capital and interest due under the Senior and Junior loans
Interest serviceability
Payable quarterly in arrears from retained loan proceeds for the term of the loan
Capital Repayment
From 100% of the net proceeds of the sales of the 2 houses
Purpose of loan
Purchase and development
Key Property Details
Valuation
£850,000
Use
Residential
Location
South East
Virtual Data Room
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