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Bedminster (East Street) Pre-Sold Residential Development Loan (RSP)


To fund the continued construction of 50 apartments with ground floor retail/commercial unit in Bedminster, Bristol (the “Property”) and subject to an exchanged sale of all of the apartments to a large regional housing association on completion of the works.

Loan Amount
£300,000
Loan Term
21 Months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
50%
Key Loan Details

Annual interest
£19,500

Security
1st charge over the property

Guarantee
From the borrowers for £1,000,000 of the capital value of the loan plus all interest accrued and cost overruns

Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan

Capital Repayment
Sale of the completed units

Purpose of loan
Development
Key Property Details

Valuation
£12,672,350

Use
Mixed Use

Location
South West
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Relendex Limited is registered in England, Company Number 07486328
Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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