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Watford Residential Development Loan - Queens Road


A Loan to fund the ground up development of 4 x 1 - Bedroomed Flats for individual resale on completion.

Loan Amount
£660,000
Loan Term
15 months
Lender Interest Rate
8.5%
Loan To Value (LTV)*
60%
Key Loan Details

Annual interest
£69,300

Security
1st Legal charge

Guarantee
Personal guarantee for full amount of capital and interest due under the loan.

Additional collateral
Debenture from the Borrower

Interest serviceability
Interest retained from loan proceeds for the loan term

Capital Repayment
From the sale of the completed properties

Purpose of loan
Development
Key Property Details

Valuation
1,100,000

Use
Residential

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


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