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Baltonsborough (St Dunstan's Mede) Residential Development Loan (RSP) (G) - Stage 10


A stage 10 loan to fund the continued development of a scheme of 52 houses

Interested in this loan? Check the Resale Marketplace for availability

Loan Amount
£350,000
Loan Term
28 Months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
50%
Key Loan Details

Annual interest
£22,750

Security
1st Legal Charge

Guarantee
Personal Guarantee from the Director for £1m of the capital amount and interest and cost overruns

Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the Loan

Capital Repayment
From the sale of the individual plots

Purpose of loan
Development
Key Property Details

Valuation
£16,747,655

Use
Residential

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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