0182CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£650,000 6.5% 47.5% 10 months
Assigned
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Additional Info

DRAWDOWN DATE : 14/11/2016
REDEMPTION DATE : 14/09/2017
FULL TERM OF THE LOAN : 10 months
INVESTMENT PERIOD : 10 months
CURRENT PROPERTY VALUE: £1,370,000
SECURITY : 1st charge
PROPERTY TYPE : Residential
TENURE: Freehold

The property is a large former Victorian house built in the traditional way, having solid brick external walls, mainly suspended timber floors under a tiled roof.

 

The property has been converted into 8 studio flats all with en-suite facilities and a cooking area. In an addition to this, there is some communal space at the lower ground floor level and utility area. To the rear there is a relatively large garden.

 

The property is situated in a predominantly residential area 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 Streatham.

 

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