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Cambridge Residential Development Stage 3 Loan - Junior Tranche

The continued development of a single detached house and adjacent detached two story block of 4 x 1 bed apartments

Loan Amount
£144,000
Loan Term
11 Months
Lender Interest Rate
10.50%
Loan To Value (LTV)*
70%
Key Loan Details

Annual interest
£15,120
Security
1st Legal Charge
Guarantee
Implied full Guarantee as loan is in personal name
Interest serviceability
Interest will be payable quartley in arrears from proceeds retained from the Loan
Capital Repayment
Sale of the units upon completion
Purpose of loan
Development
Key Property Details

Valuation
£2,850,000
Use
Residential
Location
Cambridge
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Registered(Approved) Lenders may view Loan Documents such as the Valuation Report in more detail in our Virtual Data Room - hosted online by Box

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


Relendex Limited is registered in England, Company Number 07486328
Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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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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