0134ME
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£401,000 7.5% 61.7% 9 months
Assigned
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Additional Info

DRAWDOWN DATE : 07/12/2015
REDEMPTION DATE : 30/11/2016
FULL TERM OF THE LOAN : 360 days
INVESTMENT PERIOD : 9 months
CURRENT PROPERTY VALUE: £650,000
SECURITY : 1st charge
PROPERTY TYPE : Residential
TENURE: Leasehold 999 years from 2006

The property is a ground floor one bedroom flat close to the central communal door which leads in to development of nine flats within a converted office which was converted around 2006.

The accommodation comprises an open plan reception and kitchen with all modern fittings and a bedroom within the main reception partitioned off by stud partitioning and a separate bathroom/WC. The property has a good ceiling height of at least 3 metres.

The property is located just south of the River Thames within the London Borough of Southwark in an area east of Shad Thames close to the Tower Bridge.

The surrounding area is a mix of Victorian Built Mansion Blocks, converted Victorian Mills and new housing and flat developments.

Just south of George Row is Jamaica Road which forms the A200 which runs westwards to London Bridge. The nearest underground station to the subject property is Bermondsey on The Jubilee Line. Central London is 3.5 miles west of the property.

It is our understanding that the shareholder and director of the company owns several other properties in London and Cyprus.

The borrower intents to repay the loan by selling the security property.