0197CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£3,325,000 6.0% 50.0%. 11 months
Assigned
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Additional Info

DRAWDOWN DATE : 22/02/2017
REDEMPTION DATE : 22/01/2018
FULL TERM OF THE LOAN : 11 months
INVESTMENT PERIOD : 11 months
CURRENT PROPERTY VALUE: £6,605,000
SECURITY : 1st charge
PROPERTY TYPE : Residential & Commercial
TENURE: Leasehol/Leasehold/Freehold/Leasehold/Freehold/Leasehold

The following London property secured loan is available for sale, by the way of an equitable assignment, providing to the investor an annual return of 6.0%.

The security properties for the loan are 1st legal charges on:

1. A mixed use building built circa 1970’s;
2. A four-bedroom, three storey (ground to second floor) end terrace house;
3. First floor conversion flats within two c.1900 mid-terrace Victorian shops;
4. A two-bedroom, one-bathroom purpose built flat arranged over the second floor;
5. A two-bedroom, one-bathroom purpose built flat arranged over the first floor in a mixed use building;
6. Nine new build flats, forming a new third floor of the building.

The total value of all six properties amounts to £6,605,000, property 1 is located in Essex, property 2 is located in Wanstead, property 3 is located in Walthamstow, while properties 4, 5 & 6 are located in Leyton, London.

The achievable market rental income is at £367,400 per annum, for all six properties.

The borrower intends to repay the loan by refinancing.