Crouch End (Haringey Park) Residential Development Stage 2 Loan -
Senior Tranche


The continued development of 3 x 3 bedroom homes

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Loan Amount
£555,500
Loan Term
11 Months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
49%
Key Loan Details

Annual interest
£28,080

Security
1st Legal Charge

Guarantee
Personal Guarantees From the directors for £444,000 of the ultimate Facility Amount together with interest due under the Facility from time to time

Interest serviceability
Payable quarterly in arrears from retained loan proceeds for the term of the loan.

Capital Repayment
Proceeds of the sales of the 3 houses

Purpose of loan
Development
Key Property Details

Valuation
£3,700,000

Use
Residential

Location
Crouch End
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