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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.
Glasgow (Land Off Glen Street) Residential Development Loan -
Senior Tranche

New build development of 8 x 3 bed houses on land already owned by 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
£487,500
Loan Term
18 Months
Lender Interest Rate
6.25%
Loan To Value (LTV)*
50%
Key Loan Details

Annual interest
£30,468.75
Security
1st Legal Charge
Guarantee
Personal Guarantees from the directors for 25% of the loan advance
Interest serviceability
Interest to be retained
Capital Repayment
Sale of the completed properties
Purpose of loan
Development
Key Property Details

Valuation
£1,280,000
Use
Residential
Location
Glasgow
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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Important Notice

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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