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Manchester (St John Street) Residential Mezzanine Loan


Bridging loan to purchase office prior to planning

Interested in this loan? Check the Resale Marketplace for availability

Loan Amount
£117,000
Loan Term
12 Months
Lender Interest Rate
10.50%
Loan To Value (LTV)*
69%
Key Loan Details

Annual interest
£12,870

Security
2nd Legal Charge

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

Capital Repayment
Refinance onto a development loan

Purpose of loan
To purchase an office prior to planning being granted for conversion to residential
Key Property Details

Valuation
£810,000

Use
Residential

Location
Manchester
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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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