Keinton Mandeville (Lakeview) Development Exit Loan Stage 1 Loan (RSP) (G) -
Junior Tranche
Stage 1 of a 3-stage loan to refinance the existing Senior and Mezzanine loans and provide an increase to support the development of additional sites
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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
£333,000
Loan Term
8 Months
Lender Interest Rate
8%
Loan To Value (LTV)*
75%
Key Loan Details
Annual interest
£26,640
Security
1st Legal Charge
Guarantee
Personal Guarantee from the Director for £1m of the capital and interest due under the loan
Interest serviceability
Interest will be payable quarterly in arrears from funds already held in deposit.
Capital Repayment
Sale of the remaining 3 houses and commercial unit
Purpose of loan
Development Exit
Key Property Details
Valuation
£3,585,000
Use
Mixed Use
Location
South West
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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