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Cambridge Residential Development Stage 3 Loan - Junior Tranche


The continued development of a single detached house and adjacent detached two story block of 4 x 1 bed apartments

Loan Amount
£144,000
Loan Term
11 Months
Lender Interest Rate
10.50%
Loan To Value (LTV)*
70%
Key Loan Details

Annual interest
£15,120

Security
1st Legal Charge

Guarantee
Implied full Guarantee as loan is in personal name

Interest serviceability
Interest will be payable quartley in arrears from proceeds retained from the Loan

Capital Repayment
Sale of the units upon completion

Purpose of loan
Development
Key Property Details

Valuation
£2,850,000

Use
Residential

Location
Cambridge
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Please note: loan details are subject to change up to the date of listing


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