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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.
Portland Residential Development Loan
Junior Tranche

To purchase and convert 3 flats into 4 flats

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
£130,000
Loan Term
12 months
Lender Interest Rate
10.25%
Loan To Value (LTV)*
74%
Key Loan Details

Annual interest
£13,325
Security
1st Legal charge
Guarantee
Personal guarantee from the borrower
Interest serviceability
Interest will be retained from the loan proceeds for the term of the loan
Capital Repayment
From the sale of the completed units
Purpose of loan
Development
Key Property Details

Valuation
£460,000
Use
Residential
Location
Portland, Dorset
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

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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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