Gosport (Priddys Hard) Residential Development Loan


To fund the purchase of the Property and construction of 21 houses

Loan Amount
£700,000
Loan Term
21 Months
Lender Interest Rate
6.5%
Loan To Value (LTV)*
50%
Key Loan Details

Annual interest
£45,500

Security
1st charge over the property

Guarantee
From the borrower for £250,000 of the capital value of the loan plus all interest accrued 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
£7,910,000

Use
Residential

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


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