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Harrow (Harrow Road) Residential Development Stage 1 Loan (RSP) - Junior Tranche (EIR 8.77%)
Junior Tranche

Refinance of the recently completed land purchase and to fund the construction of a terrace of 3 houses at Harrow Road, Harrow, London

IMPORTANT
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
Loan Amount
£103,500
Loan Term
18 Months
Lender Interest Rate
8.5%
Loan To Value (LTV)*
70%
Key Loan Details

Annual interest
£8,797.50
Security
1st legal charge over the Property
Guarantee
Personal Guarantee from the principal for £321,125 of the loan capital, unpaid interest due under the loan and all cost overruns
Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan
Capital Repayment
Sale or refinance the completed units
Purpose of loan
Development
Key Property Details

Valuation
£1,830,000
Use
Residential
Location
London
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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If you would like to able to view the Loan Documents

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


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Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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