Peterborough (Wansford) Residential Development Stage 1 Loan (EIR 8.24%) -
Junior Tranche
Purchase of development site and construction of two 4-bedroomed detached houses. EIR is the Effective Interest Rate and assumes the re-investment of quarterly interest receipts into loans on the Relendex platform offering an equivalent interest rate as below.
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
£80,000
Loan Term
18 Months
Lender Interest Rate
8%
Loan To Value (LTV)*
62%
Key Loan Details
Annual interest
£6,400
Security
1st charge over the property
Guarantee
PG from joint directors for 25% of the capital value of the loan and interest and cost overruns
Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan
Capital Repayment
Sale of the completed units
Purpose of loan
Development
Key Property Details
Valuation
£1,850,000
Use
Residential
Location
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
