0167CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£60,000 7.5% 53.2% 11 months
Assigned
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Additional Info

DRAWDOWN DATE : 16/08/2016
REDEMPTION DATE : 17/07/2017
FULL TERM OF THE LOAN : 11 months
INVESTMENT PERIOD : 11 months
CURRENT PROPERTY VALUE: £320,000
SECURITY : 2nd legal charge
PROPERTY TYPE : Residential
TENURE: Leasehold

The property is a purpose built flat believed to have been built in 1960. The construction is cavity brick with solid concrete floors all under a flat roof.

 

The subject property is situated over the Ground and First floors with a rear garden.

 

The property is situated in a predominantly residential area close to all local amenities and transport services with Forest Gate National Rail station a short walk away. The properties in the street and generally of a similar nature.

 

The area is popular with families and in particular commuters due to the access to central London via the local train service.

 

Shopping, entertainment and transport services are a short drive away in Stratford.

 

The borrower intends to repay the loan by refinancing with a mainstream lender, upon the completion of refurbishment.