Edinburgh (St James' Church) Residential Redevelopment Stage 3 Loan -
Junior Tranche
Continued conversion of the church into 5 townhouses
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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
£55,500
Loan Term
8 Months
Lender Interest Rate
10%
Loan To Value (LTV)*
65%
Key Loan Details
Annual interest
£5,550
Security
1st charge over the property
Guarantee
From the borrowers for £650,000 of loan capital plus interest 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
Development
Key Property Details
Valuation
£4,000,000
Use
Residential
Location
Scotland
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