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North Molton Residential Development Stage 2 Loan - Senior Tranche
Senior Tranche


A second tranche of funding to allow for the continued development of Phase 1 of 6 houses

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
£150,000
Loan Term
7 Months
Lender Interest Rate
7.00%
Loan To Value (LTV)*
45%
Key Loan Details

Annual interest
£10,500

Security
1st Legal Charge

Guarantee
Personal Guarantees provided by the Director/Shareholder for the capital value of the gross loan plus interest and cost overruns

Interest serviceability
Interest to be retained

Capital Repayment
Sale of the completed houses

Purpose of loan
To provide funds for the continued development of Phase 1
Key Property Details

Valuation
£1,681,000

Use
Residential

Location
South West
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

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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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