0177CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£228,000 6.75% 52.8% 8 months
Assigned
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Additional Info

DRAWDOWN DATE : 17/10/2016
REDEMPTION DATE : 19/06/2017
FULL TERM OF THE LOAN : 8 months
INVESTMENT PERIOD : 8 months
CURRENT PROPERTY VALUE: £380,000
SECURITY : 1st charge
PROPERTY TYPE : Commercial
TENURE: Leasehold

The property comprises one small office suite on the ground floor of a converted Victorian wharf side building. There are seven office units at ground floor whilst the upper seven floors are residential flats.

 

The building  is in a mixed office and residential road made up of converted wharf buildings and new flats and offices.

 

The nearest London Underground Station is at Bermondsey (Jubilee Line) about 670 metres to the southeast and London Bridge Station (Jubilee, Northern and Main Line) lies 1,000 metres to the northwest.

 

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