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Cheltenham (St Georges Street) Residential Development Loan

Purchase of the property comprising 14 duplex apartments and refurbishment of common parts prior to sale

Loan Amount
£970,000
Loan Term
9 Months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
50%
Key Loan Details

Annual interest
£53,050
Security
1st legal charge over the Property
Guarantee
Joint and Several Guarantee from the Directors
Interest serviceability
Payable quarterly in arrears from retained loan proceeds for the term of the loan
Capital Repayment
Sale after completion
Purpose of loan
Purchase and development
Key Property Details

Valuation
£1,925,000
Use
Residential
Location
South West
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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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