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Keinton Mandeville (Lakeview) Development Exit Loan Stage 4 Loan (RSP) (G) -
Junior Tranche


Stage 4 of a multi-stage loan that has refinanced previous Relendex development funding, is funding the completion of the remaining 3 houses and has provided an increase to support the development of additional sites

Interested in this loan? Check the Resale Marketplace for availability

IMPORTANT
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
Loan Amount
£82,500
Loan Term
4 Months
Lender Interest Rate
8%
Loan To Value (LTV)*
75%
Key Loan Details

Annual interest
£6,600

Security
1st Legal Charge

Guarantee
Personal Guarantee from the Director for £1m of the capital and interest due under the loan

Interest serviceability
Interest will be payable quarterly in arrears from funds already held in deposit.

Capital Repayment
Sale of the remaining 3 houses and commercial unit

Purpose of loan
Development Exit
Key Property Details

Valuation
£3,585,000

Use
Mixed Use

Location
South West
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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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