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Havant (East Street) Residential Development Stage 1 Loan -
Senior Tranche


Stage 1 loan to complete a site assembly ahead of the construction of 26 mixed-style dwellings in Havant in accordance with planning permission.

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IMPORTANT
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Loan Amount
£711,000
Loan Term
24 Months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
50%
Key Loan Details

Annual interest
£46,215

Security
1st charge over the property

Guarantee
From the principals for all sums due under the loan

Interest serviceability
From retained loan proceeds for the term of the loan

Capital Repayment
Sale of completed units

Purpose of loan
Development
Key Property Details

Valuation
£7,005,000

Use
Residential

Location
South East
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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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