Edinburgh (Leith) Residential Development Exit Stage 1 Loan B (EIR 9.31%) -
Junior Tranche


To refinance the property and provision of an equity release to the Borrower for future projects. 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.

IMPORTANT
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
Loan Amount
£160,000
Loan Term
11 Months
Lender Interest Rate
9%
Loan To Value (LTV)*
75%
Key Loan Details

Annual interest
£14,400

Security
1st Legal Charge

Guarantee
Personal Guarantees from the directors for £600,000 of the Capital Value of the loan plus interest and cost overruns

Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan for 6 months of the term and thereafter by the borrower from letting income

Capital Repayment
From the sale or refinance of the Property

Purpose of loan
Development Exit
Key Property Details

Valuation
£3,200,000

Use
Residential

Location
Scotland
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

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


Edinburgh (Leith) Residential Development Exit Stage 1 Loan B (EIR 9.31%) -
Junior Tranche


To refinance the property and provision of an equity release to the Borrower for future projects. 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.

IMPORTANT
For more information to help you understand the relative risks of Junior and Senior Tranche Loans - Click Here
Loan Amount
£160,000
Loan Term
11 Months
Lender Interest Rate
9%
Loan To Value (LTV)*
75%
Key Loan Details

Annual interest
£14,400

Security
1st Legal Charge

Guarantee
Personal Guarantees from the directors for £600,000 of the Capital Value of the loan plus interest and cost overruns

Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan for 6 months of the term and thereafter by the borrower from letting income

Capital Repayment
From the sale or refinance of the Property

Purpose of loan
Development Exit
Key Property Details

Valuation
£3,200,000

Use
Residential

Location
Scotland
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

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