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Bridge House Residential Redevelopment Loan (Stage 1 of 2)


To refinance a former Victorian merchant's house in Sefton Park, Liverpool and to redevelop it into 3 large apartments and a separate detached 4-bedroomed cottage.

Interested in this loan? Check the Resale Marketplace for availability

Loan Amount
£1,400,000
Loan Term
12 months
Lender Interest Rate
8.5% p.a.
Loan To Value (LTV)*
65%
Key Loan Details

Annual interest
£180,000

Security
1st legal charge

Guarantee
Personal recourse to the Borrowers all sums due under the loan

Interest serviceability
From retained loan proceeds for the term

Capital Repayment
From the sale or refinance of the Property on completion of the redevelopment works.

Purpose of loan
Refinance & Development
Key Property Details

Valuation
£2,790,000

Use
Residential

Location
North West
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Relendex Limited is registered in England, Company Number 07486328
Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

Important Notice

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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