Sign in
Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

Auction Details - Cheshire Residential Development Loan

LOAN AMOUNT
£900,000 (Tranche 1)
LOAN TERM
18 months
LENDER INTEREST RATE
8.5% p.a.
LOAN TO VALUE (LTV)
60%
Cheshire Residential Development Loan

Tranche 1 of ultimately £2m development loan to support the new build of two luxury homes in an attractive location by a highly experienced developer, adjacent to a successful existing scheme.
KEY LOAN DETAILS
Annual interest:
£108,000
Security:
1st legal charge
Guarantee:
Yes - Loan in Borrower's personal name
Additional collateral:
N/A
Interest serviceability:
Interest serviced by proceeds retained from the loan
Capital repayment:
By a sale of the individual properties on completion of the works
Purpose of loan:
Development
KEY PROPERTY DETAILS
Estimated value:
£3,350,000
Use:
Residential
Location:
North West


REGISTER AS A LENDER


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

Sitemap
Important Notice

Relendex Limited is authorised and regulated by the Financial Conduct Authority (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.

View Notice in full
Lenders
Borrowers
About
Contact Us
Relendex Limited adheres to the General Data Protection Regulation
(c) Relendex Limited 2020 All rights reserved View our Privacy Policy