0158CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£200,000 6.0% 50.0% 6 months
Assigned
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Additional Info

DRAWDOWN DATE : 21/07/2016
REDEMPTION DATE : 20/01/2017
FULL TERM OF THE LOAN : 6 months
INVESTMENT PERIOD : 6 months
CURRENT PROPERTY VALUE: £400,000
SECURITY : 1st charge
PROPERTY TYPE : Residential
TENURE: Freehold

The property comprises a Victorian terraced house arranged over ground and first floors with a loft conversion and rear dormer.

 

The house has a small graveled front garden and a rear enclosed concreted garden.

 

The house has been recently refurbished and as fitted out to a good standard with modern kitchen and bathroom suites

 

The security is situated in a mid-terrace position in a residential road of similar housing on the southern fringe of East Ham and close to Beckton.

 

There are retail facilities at the western end of Charlemont Road on High Street South with Beckton Retail Park, with a Sainsbury’s supermarket lying only 600 meters to the southeast. The nearest retailing town center is Barking which lies about 2,000 meters to the northeast.

 

The borrower intends to repay the loan by refinancing with a mainstream lender.