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Bath (Winsley Hill) Residential Development Stage 1 Loan (RSP) (EIR 8.03%) - A
Senior Tranche

To fund the refinance of The Property purchase and construction of a 7758sqft house for subsequent resale after practical completion. EIR is the Effective Interest Rate and assumes the re-investment of quarterly interest receipts into loans on the Relendex platform offering an equivalent interest rate as below.

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Loan Amount
£577,000
Loan Term
17 Months
Lender Interest Rate
7.8%
Loan To Value (LTV)*
45%
Key Loan Details

Annual interest
£45,006
Security
1st Legal Charge
Guarantee
Personal Guarantee From the Principal for the full capital value of the loan plus interest and cost overruns
Interest serviceability
From retained loan proceeds for the term of the loan
Capital Repayment
Re-finance or sale of the Property
Purpose of loan
Development
Key Property Details

Valuation
£4,250,000
Use
Residential
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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If you would like to able to view the Loan Documents

Please note: loan details are subject to change up to the date of listing


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Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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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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