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
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
£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
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
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