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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.
Hemel Hempstead Residential Development Exit Loan -
Junior Tranche

Refinance of senior and mezzanine development loans provided by Relendex and provide a period for sale of the completed property.

IMPORTANT
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
Loan Amount
£150,000
Loan Term
6 Months
Lender Interest Rate
8%
Loan To Value (LTV)*
73%
Key Loan Details

Annual interest
£12,000
Security
1st Charge
Guarantee
The loan is in the personal names of the borrowers and thus there is full recourse to them personally for all sums due under the loan
Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan
Capital Repayment
Sale of the unit upon completion
Purpose of loan
Development Exit
Key Property Details

Valuation
£650,000
Use
Residential
Location
Hertfordshire
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

Please contact Lender Support if you don't have access to Box
Register as a Lender

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


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

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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.

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