Crouch End (Haringey Park) Residential Development Loan
Junior Tranche


To refinance the existing bridging loan and construct 3 new dwellings.

IMPORTANT
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
Loan Amount
£167,000
Loan Term
15 months
Lender Interest Rate
10%
Loan To Value (LTV)*
60%
Key Loan Details

Annual interest
£15,030

Security
1st charge over the property

Guarantee
Personal Guarantees From the directors for £444,000 of the aggregate Senior and Junior facilities together with interest due under them from time to time.

Interest serviceability
From retained loan proceeds for the term.

Capital Repayment
From 100% of the net proceeds of sale and/or refinancing of Individual Properties.

Purpose of loan
Refinance & Development
Key Property Details

Valuation
£3,700,000

Use
Residential

Location
South East
Virtual Data Room

Registered(Approved) Lenders may view Loan Documents such as the Valuation Report in more detail in our Virtual Data Room - hosted online by Box

Please contact Lender Support if you don't have access to Box
Register as a Lender

If you would like to able to view the Loan Documents
Relendex Limited is registered in England, Company Number 07486328
Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

Important Notice

Relendex Limited is authorised and regulated by the Financial Conduct Authority (FRN: 723117).

Lenders participating in these arrangements should be clearly aware that any sum lent through the Exchange is a loan and not a deposit and its repayment is not guaranteed. It is in the nature of an investment opportunity. Any investor should consider an appropriate spread of risk. Non-institutional investors should seek professional advice before lending through the Relendex Exchange.

View Notice in full
Relendex Limited adheres to the General Data Protection Regulation
(c) Relendex Limited 2020 All rights reserved View our Privacy Policy