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Whitehaven (Hilltop Road) Residential Development Stage 1 Loan (RSP) (EIR 9.04%)- B
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
£72,000
Loan Term
18 Months
Lender Interest Rate
8.75%
Loan To Value (LTV)*
70%
Key Loan Details

Annual interest
£6300
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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Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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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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