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Oakenshaw (Sugden Street) Residential Development Loan -
Senior Tranche

New build development of 2 x 4 bedroom detached Eco Homes on land already owned by the borrower

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Loan Amount
£480,000
Loan Term
12 Months
Lender Interest Rate
6.25%
Loan To Value (LTV)*
50%
Key Loan Details

Annual interest
£30,000
Security
1st Legal Charge
Guarantee
Personal Guarantees from the directors for 50% of the loan advance
Interest serviceability
Interest to be retained
Capital Repayment
Sale of the completed properties
Purpose of loan
Development
Key Property Details

Valuation
£960,000
Use
Residential
Location
West Yorkshire
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Please note: loan details are subject to change up to the date of listing


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