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Cheltenham (Swindon Village) Development Stage 5 Loan (RSP) - B (EIR 8.51%)
Senior Tranche


To fund the continued development of a plot of land in Swindon Village, Cheltenham for the construction of 5 detached houses. EIR is the Effective Interest Rate and assumes the re-investment of quarterly interest receipts into loans on the Relendex platform offering an equivalent interest rate as below.

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Loan Amount
£98,500
Loan Term
8 Months
Lender Interest Rate
8.25%
Loan To Value (LTV)*
67%
Key Loan Details

Annual interest
£8,126

Security
1st legal charge over the Property

Guarantee
Guarantee from the director for 20% of the capital value of the loan plus interest

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

Capital Repayment
Sale on completion

Purpose of loan
Development
Key Property Details

Valuation
£3,125,000

Use
Residential

Location
South West
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Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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