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Watford Residential Development Loan - Queens Road

A Loan to fund the ground up development of 4 x 1 - Bedroomed Flats for individual resale on completion.

Loan Amount
£660,000
Loan Term
15 months
Lender Interest Rate
8.5%
Loan To Value (LTV)*
60%
Key Loan Details

Annual interest
£69,300
Security
1st Legal charge
Guarantee
Personal guarantee for full amount of capital and interest due under the loan.
Additional collateral
Debenture from the Borrower
Interest serviceability
Interest retained from loan proceeds for the loan term
Capital Repayment
From the sale of the completed properties
Purpose of loan
Development
Key Property Details

Valuation
1,100,000
Use
Residential
Location
Hertfordshire
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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