0178CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£975,000 6.75% 52.8% 5 months
Assigned
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Additional Info

DRAWDOWN DATE : 17/10/2016
REDEMPTION DATE : 17/03/2017
FULL TERM OF THE LOAN : 5 months
INVESTMENT PERIOD : 5 months
CURRENT PROPERTY VALUE: £1,500,000
SECURITY : 1st charge
PROPERTY TYPE : Residential
TENURE: Leasehold

The property was constructed in 1988 and forms a large complex of 114 luxury apartments with underground parking, concierge, gym, swimming pool and external areas for relaxation and barbecues. The subject property lies on the 7th floor via a lift and has a private internal staircase to the 8th floor.

 

The building is of framed construction clad in brick and has pitched tiled roofs with roof terrace areas.

 

Internally, the duplex apartment is fitted out to a high standard with wood and marble flooring with a superior fitted kitchen.

 

Central London lies 2½ miles to the west and Canary Wharf ¾ mile to the east which is accessible by the nearby Rotherhithe Tunnel.

 

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