Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
Gosport (Priddy’s Peninsula) Residential Development Stage 4 Loan (RSP) (G) (EIR 7.98%) - B
Senior Tranche


To continue to fund the phase 2 construction of 8 houses at Priddys Hard to be known as Priddys Peninsula. 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.

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
£72,000
Loan Term
8 Months
Lender Interest Rate
7.75%
Loan To Value (LTV)*
54%
Key Loan Details

Annual interest
£5,400

Security
1st Legal Charge

Guarantee
Personal Guarantees From the directors for £250,000 of the capital value of the loan plus all interest accrued and cost overruns.

Additional collateral
1st charge over the shares of the Borrower

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

Capital Repayment
Sale of the units on completion

Purpose of loan
Development
Key Property Details

Valuation
£3,790,000

Use
Residential

Location
South East
Virtual Data Room

Registered(Approved) Lenders may view Loan Documents such as the Valuation Report in more detail in our Virtual Data Room - hosted online by Box

Please contact Lender Support if you don't have access to Box
Register as a Lender

If you would like to able to view the Loan Documents
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.

View Notice in full
Relendex Limited adheres to the General Data Protection Regulation
(c) Relendex Limited 2020 All rights reserved View our Privacy Policy