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Edinburgh (St James' Church) Residential Redevelopment Stage 3 Loan -
Junior Tranche


Continued conversion of the church into 5 townhouses

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
£55,500
Loan Term
8 Months
Lender Interest Rate
10%
Loan To Value (LTV)*
65%
Key Loan Details

Annual interest
£5,550

Security
1st charge over the property

Guarantee
From the borrowers for £650,000 of loan capital plus interest and cost overruns

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

Capital Repayment
Sale of the units on completion

Purpose of loan
Development
Key Property Details

Valuation
£4,000,000

Use
Residential

Location
Scotland
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