0172CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£147,000 6.0% 52.5% 8 months
Assigned
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Additional Info

DRAWDOWN DATE : 04/10/2016
REDEMPTION DATE : 04/06/2017
FULL TERM OF THE LOAN : 8 months
INVESTMENT PERIOD : 8 months
CURRENT PROPERTY VALUE: £280,000
SECURITY : 1st charge
PROPERTY TYPE : Residential
TENURE: Leasehold

The property is a building converted into a ground floor commercial unit and a flat spanning the first floor to the third floor. The subject property is the flat over the first to third floors.

 

The property is situated in a mixed residential and commercial street close to all local amenities and transport services. The properties in the street are 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 walk away in Willesden.

 

The borrower intends to repay the loan by selling the security property after refurbishment.