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


Refinance of the current Development and Mezzanine loans and equity release to the Borrower (and pursuant to the existing Senior stage 1 loan of £800,000)

IMPORTANT
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Loan Amount
£655,000
Loan Term
6 Months
Lender Interest Rate
6.75%
Loan To Value (LTV)*
50%
Key Loan Details

Annual interest
£44,213

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
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