Euxton (Dawbers Lane) Residential Development Loan
Junior Tranche
Construction of a 4 bedroom detached house with a detached double garage.
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
£113,000
Loan Term
14 Months
Lender Interest Rate
10.5%
Loan To Value (LTV)*
70%
Key Loan Details
Annual interest
£11,865
Security
1st charge
Guarantee
Personal Guarantees from the shareholders of the SPV for 50% of the loan amount, plus all interest due under the loan from time to time.
Additional collateral
None
Interest serviceability
Interest will be serviced by proceeds retained from the loan for the full term
Capital Repayment
Sale of the property
Purpose of loan
Purchase and Development
Key Property Details
Valuation
£535,000
Use
Residential
Location
Euxton
Virtual Data Room
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