Auction Details - London/Liverpool Semi Commercial Bridging Loan

LOAN AMOUNT
£900,000
LOAN TERM
12 months
LENDER INTEREST RATE
8.5% p.a.
LOAN TO VALUE (LTV)
53%
London/Liverpool Semi Commercial Bridging Loan

Refinance of a semi commercial property in Shadwell, London to acquire a semi-commercial property in Liverpool city centre, providing student accommodation redevelopment opportunities.
KEY LOAN DETAILS
Annual interest:
£87,750
Security:
1st legal charges
Guarantee:
Yes - Personal guarantee for a limited amount of capital and interest due under the loan
Additional collateral:
No
Interest serviceability:
Interest serviced by retained loan proceeds
Capital repayment:
From a refinance of either of the security properties by development loans
Purpose of loan:
Refinance and purchase
KEY PROPERTY DETAILS
Valuation:
£1,700,000
Use:
Residential
Location:
London and North West


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.

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