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Whitehaven (Hilltop Road) Residential Development Stage 1 Loan (RSP) (EIR 8.03%)- A
Senior Tranche


Construction of 7 houses in accordance with planning permission reference 4/22/2127. 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
£128,000
Loan Term
18 Months
Lender Interest Rate
7.8%
Loan To Value (LTV)*
45%
Key Loan Details

Annual interest
£10,086.40

Security
1st Legal Charge

Guarantee
From the directors for the capital value of the loan plus interest and cost overruns

Interest serviceability
From retained loan proceeds for the Term of the loan

Capital Repayment
Sale or re-finance of the Property

Purpose of loan
Development
Key Property Details

Valuation
£1,840,000

Use
Residential

Location
North West
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Please note: loan details are subject to change up to the date of listing


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