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Cardiff (High Street Arcade) Commercial Development Stage 1 Loan - (EIR 8.03%) A
Senior Tranche

Purchase of the Property, construction and fit out to provide units for 8 independent street food traders, 4 standalone restaurants, 3 bars and a separate entertainment space. 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
£550,000
Loan Term
18 Months
Lender Interest Rate
7.8%
Loan To Value (LTV)*
43%
Key Loan Details

Annual interest
£131,625
Security
1st Legal Charge
Guarantee
Personal Guarantee From the Principal for £1,047,250 of the Facility amount plus interest and cost overruns
Interest serviceability
From retained loan proceeds for the term of the loan
Capital Repayment
Refinance of the Property
Purpose of loan
Development
Key Property Details

Valuation
£9,825,000
Use
Commercial
Location
Wales
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

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


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