Auction Details - Conwy Residential Bridging Loan
LOAN AMOUNT
£1,265,000
LOAN TERM
12 months
Days to Repayment:
Days to Repayment:
LENDER INTEREST RATE
8% p.a.
LOAN TO VALUE (LTV)
55% (initially launched at 61% and subsequently reduced with proceeds from agreed pre-sales)
To refinance a newly built block of 9 apartments in Rhos-on-Sea, Conwy County, North Wales, with 2 pre-sales already agreed.
Interested in this loan? Check Resale Marketplace for availability
KEY LOAN DETAILS
Security:
1st legal charge
Guarantee:
Yes - Full personal guarantee as the loan is in personal names
Additional collateral:
No
Interest serviceability:
From deposit account proceeds for the term of the loan term
Capital repayment:
From sales of the Properties prior to expiry of the term
Purpose of loan:
Refinance
KEY PROPERTY DETAILS
Valuation:
£2,075,000
Use:
Residential
Location:
Wales
Registered(Approved) Lenders may view Loan Documents such as the Valuation Report in more detail in our Virtual Data Room
- hosted online by Box
Box is our cloud storage provider used to hold the documents in a secure environment
Please contact This email address is being protected from spambots. You need JavaScript enabled to view it. if you don't have access to Box
If you would like to be able to view the Loan Documents:
Box is our cloud storage provider used to hold the documents in a secure environment Please contact This email address is being protected from spambots. You need JavaScript enabled to view it. if you don't have access to Box
If you would like to be able to view the Loan Documents:
