Bedminster (West Street) Residential Redevelopment Stage 2 Loan (RSP) -
Junior Tranche
Conversation of an already owned building at ground floor level into 8 apartments.
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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
£56,000
Loan Term
9 Months
Lender Interest Rate
7.5%
Loan To Value (LTV)*
60%
Key Loan Details
Annual interest
£4,200
Security
1st charge over the property
Guarantee
From the Directors for £250,000 for an aggregate of capital, interest accrued and cost overruns
Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan
Capital Repayment
Sale of the units on completion
Purpose of loan
Redevelopment
Key Property Details
Valuation
£1,448,000
Use
Residential
Location
South West
Virtual Data Room
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