0161CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£263,000 6.0% 26.8% 11 months
Assigned
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Additional Info

DRAWDOWN DATE : 10/08/2016
REDEMPTION DATE : 10/07/2017
FULL TERM OF THE LOAN : 11 months
INVESTMENT PERIOD : 11 months
CURRENT PROPERTY VALUE: £980,000
SECURITY : 1st charge
PROPERTY TYPE : Commercial/Residential
TENURE: Freehold

The subject property is an end terrace building which comprises of a ground floor shop unit together with separately accessed and self-contained first floor two bedroom flat. The property occupies a good sized regular shaped corner site.

 

The garden area is largely hard surfaced but is well maintained and attractively presented.

 

The property is well presented and the flat has recently been refurbished to provide modern open plan living accommodation.

 

The subject property is located in the district of Lewisham in south east London.

 

The property forms part of a terrace of four retail units with upper floors located in a predominantly residential area. These are occupied by local traders (café, newsagent and pawnbroker) serving the surrounding densely populated residential community.

 

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