Littlehampton (Clifton Road) Mixed Use Development Stage 1 Loan -
Junior Tranche
Purchase of site and construction of 8 apartments and 3 commercial units
IMPORTANT
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
Loan Amount
£179,000
Loan Term
18 Months
Lender Interest Rate
8%
Loan To Value (LTV)*
69%
Key Loan Details
Annual interest
£13,873
Security
1st charge over the property
Guarantee
From the Borrower for the capital value of the loan plus interest and cost overruns.
Interest serviceability
Payable quarterly in arrears from retained loan proceeds for the term of the loan
Capital Repayment
Sale or re-finance of the finished units
Purpose of loan
Development
Key Property Details
Valuation
£2,100,000
Use
Mixed Use
Location
South East
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
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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
