0181CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£355,000 7.5% 62.3% 11.5 months
Assigned
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Additional Info

DRAWDOWN DATE : 04/11/2016
REDEMPTION DATE : 20/10/2017
FULL TERM OF THE LOAN : 11.5 months
INVESTMENT PERIOD : 11.5 months
CURRENT PROPERTY VALUE: £570,000
SECURITY : 1st charge
PROPERTY TYPE : Commercial/Residential
TENURE: Freehold

The first property is a detached two storey house with 3 bedrooms on a relatively large plot of land. The property is constructed in the accepted manner for residential buildings of this type.

 

The property is situated in a residential 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 drive away in Catford.

 

The second property is a café with an open plan seating area, having 30 covers in the main area with a small serving area and beyond that a preparation and storage area.

 

Swanley is a predominantly residential area, however due to its location at the junction of the A20, which then becomes the M20 and junction 3 of the M25 motorway it is strategically located for distribution organizations.

 

The borrower intends to repay the loan by selling one of the properties.