Bolton Le Sands (Bye Pass Road) Residential Development Stage 2 Loan -
Junior Tranche
To fund the continued development of 3 x 4 bed dwellings
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
£102,000
Loan Term
6 Months
Lender Interest Rate
10.50%
Loan To Value (LTV)*
70%
Key Loan Details
Annual interest
£10,710
Security
1st Legal Charge
Guarantee
Personal Guarantees From the directors for the capital value of the loan plus interest and cost overruns
Interest serviceability
Interest will be payable quartley in arrears from proceeds retained from the Loan
Capital Repayment
Sale of the units upon completion
Purpose of loan
Stage 2 of a 2 stage loan to provide funds for the continued development of 3 x 4 bed dwellings
Key Property Details
Valuation
£1,200,000
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
Please note: loan details are subject to change up to the date of listing
