Auction Details - Berkshire Commercial Bridging Loan

LOAN AMOUNT
£600,000
LOAN TERM
12 months
LENDER INTEREST RATE
8.75% p.a.
LOAN TO VALUE (LTV)
50%
Berkshire Commercial Bridging Loan

Refinance of an existing petrol filling station property pending redevelopment into a modern facility pre-let to a major operator.
KEY LOAN DETAILS
Annual interest:
£60,000
Security:
1st legal charge
Guarantee:
Yes - Personal guarantee for interest due under the loan
Additional collateral:
Yes - Debenture from the Borrower
Interest serviceability:
From retained loan proceeds
Capital repayment:
From the refinance by a development loan possibly provided by Relendex
Purpose of loan:
Refinance
KEY PROPERTY DETAILS
Valuation:
£1,200,000
Use:
Commercial
Location:
Berkshire


These Auction Details for an Upcoming Auction do not constitute an offer or a contract and are provided for information only. Registered lenders who wish to participate in this forthcoming loan auction (once listed as a live auction) are invited to view the full Auction Particulars in the Auction Marketplace and will be bound by the Lender Terms & Conditions and Loan Conditions referred to therein.

Important Notice

 

Relendex Limited is regulated in the United Kingdom by the Financial Conduct Authority and entered on the Financial Services Register - 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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Relendex Limited is registered in England, Company Number 07486328 Registered Office: Ground Floor, 45 Pall Mall, St James’s London, SW1Y 5JG

 

Relendex Limited is registered under the Data Protection Act, Registration Number PZ2708231

 

 


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