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Littlehampton (Pier Road) Residential Development -
Senior Tranche

Purchase of site, demolition of existing property and construction of ground floor retail unit with 8 apartments above in accordance with planning permission

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For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
Loan Amount
£420,000
Loan Term
13 Months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
50%
Key Loan Details

Annual interest
£27,300
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 of the completed units
Purpose of loan
Purchase and development
Key Property Details

Valuation
£1,650,000
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


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

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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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