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Edinburgh (St James' Church) Residential Development Exit Loan -
Junior Tranche

Refinance of the current Development and Mezzanine loans and equity release to the Borrower

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For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
Loan Amount
£725,000
Loan Term
6 Months
Lender Interest Rate
9%
Loan To Value (LTV)*
75%
Key Loan Details

Annual interest
£65,250
Security
1st charge over the remaining 3 houses at the Property
Guarantee
From the borrowers for £545,000 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 completed houses and subject to 2 reservations
Purpose of loan
Development Exit
Key Property Details

Valuation
£2,910,000
Use
Residential
Location
Scotland
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
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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

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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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