0188CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£292,500 7.5% 65.0% 5 months
Assigned
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Additional Info

DRAWDOWN DATE : 22/12/2016
REDEMPTION DATE : 22/05/2017
FULL TERM OF THE LOAN : 5 months
INVESTMENT PERIOD : 5 months
CURRENT PROPERTY VALUE: £450,000
SECURITY : 1st charge
PROPERTY TYPE : Residential
TENURE: Leasehold

Four bedroom Duplex apartment forming part of 3 storey block of similar flats. The flat was built in the 1930s period. The property is of traditional construction with solid brick walls.

 

The property is surrounded by various styled and dated properties and it is within easy reach of local amenities.

 

The flat is situated in an established mixed use area of Southgate comprising ground floor shops and upper floor apartments, situated in close proximity to Southgate Tube station.

 

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