Bishop Cleeve Commercial Development
Junior Tranche


Loan to finance the construction of 3 commercial premises

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Loan Amount
£175,000
Loan Term
12 months
Lender Interest Rate
9%
Loan To Value (LTV)*
62%
Key Loan Details

Annual interest
£15,170

Security
1st Legal charge

Guarantee
Personal guarantees from the Directors

Interest serviceability
Interest to be retained for the first 9 months then serviced thereafter

Capital Repayment
Sale of the completed units

Purpose of loan
Development
Key Property Details

Valuation
£2,747,000

Use
Commercial

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


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