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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.
Edinburgh (St James' Church) Residential Redevelopment Stage 6 Loan -
Senior Tranche

Continued conversion of the church into 5 townhouses

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Loan Amount
£155,500
Loan Term
9 Months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
50%
Key Loan Details

Annual interest
£10,107
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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Relendex Limited is registered in England, Company Number 07486328
Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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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.

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