Edinburgh (St James' Church) Residential Redevelopment Loan -
Junior Tranche
To purchase a former Church and fund the conversion into 4 townhouses in accordance with planning permission
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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
£155,500
Loan Term
20 Months
Lender Interest Rate
10%
Loan To Value (LTV)*
65%
Key Loan Details
Annual interest
£15,550
Security
1st Legal Charge
Guarantee
Personal Guarantees from the directors for 25% of the Capital Value of the loan
Interest serviceability
Interest to be retained
Capital Repayment
Sale of completed units
Purpose of loan
Development
Key Property Details
Valuation
£2,895,000
Use
Residential
Location
Edinburgh
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