Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
Dalston (Balls Pond Road) Residential Redevelopment Stage 1 Loan (RSP) - (EIR 9.04%) B
Senior Tranche


To fund the purchase of the company that owns a vacant commercial property in Dalston, north London and to fund the conversion of part into 7 apartments, subject to planning approval, with retention of the remaining vacant commercial space for subsequent development. EIR is the Effective Interest Rate and assumes the re-investment of quarterly interest receipts into loans on the Relendex platform offering an equivalent interest rate as below.

IMPORTANT
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
Loan Amount
£364,000
Loan Term
17 Months
Lender Interest Rate
8.75%
Loan To Value (LTV)*
55%
Key Loan Details

Annual interest
£31,850

Security
1st Legal Charge

Guarantee
Personal Guarantee from the principal for £321,125 of the loan capital, unpaid interest due under the loan and all cost overruns

Additional collateral
2nd Legal Charge over Collateral Property at Harrow

Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan

Capital Repayment
Sale or refinance the completed units

Purpose of loan
Redevelopment
Key Property Details

Valuation
£4,175,000

Use
Mixed

Location
London
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
Register as a Lender

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

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.

View Notice in full
Relendex Limited adheres to the General Data Protection Regulation
(c) Relendex Limited 2020 All rights reserved View our Privacy Policy