0175CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£45,000 6.75% 52.8% 6 months
Assigned
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Additional Info

DRAWDOWN DATE : 17/10/2016
REDEMPTION DATE : 17/04/2017
FULL TERM OF THE LOAN : 6 months
INVESTMENT PERIOD : 6 months
CURRENT PROPERTY VALUE: £75,000
SECURITY : 1st charge
PROPERTY TYPE : Commercial
TENURE: Leasehold

The property comprises a ground floor lock-up shop with front only access within a brick built building which comprises a mixture of residential and retail space.

 

There is residential space above the unit and similarly a residential basement below which exits to the rear of the building. There is a small area of flat roof above the front of the shop but otherwise, the overall building is surmounted by a pitched tiled roof.

 

City Airport lies 1 mile due north. Central London lies 8 miles to the west.

 

The borrower intends to repay the loan by selling the security properties.