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Baltonsborough (St Dunstan's Mede) Residential Development Loan (RSP) (G) - Stage 5


A stage 5 loan to fund the continued development of a scheme of 52 houses

Loan Amount
£350,000
Loan Term
41 Months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
50%
Key Loan Details

Annual interest
£22,750

Security
1st Legal Charge

Guarantee
Personal Guarantee from the Director for £1m of the capital amount and interest and cost overruns

Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the Loan

Capital Repayment
From the sale of the individual plots

Purpose of loan
Development
Key Property Details

Valuation
£16,740,000

Use
Residential

Location
South West
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