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Tunbridge Wells (Chilston Road) Residential Development Stage 1 Loan - (EIR 9.04%) B
Senior Tranche

Repayment of private investor and the construction of 11 apartments in accordance with planning permission. 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.

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Loan Amount
£341,000
Loan Term
12 Months
Lender Interest Rate
8.75%
Loan To Value (LTV)*
65%
Key Loan Details

Annual interest
£29,838
Security
1st legal charge over the Property
Guarantee
From the directors for the capital value of the loan plus interest and cost overruns.
Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan
Capital Repayment
Sale or refinance the completed units
Purpose of loan
Development
Key Property Details

Valuation
£2,945,000
Use
Residential
Location
South East
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Please note: loan details are subject to change up to the date of listing


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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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