0198CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£508,000 6.75% 55.0% 11 months
Assigned
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Additional Info

DRAWDOWN DATE : 24/02/2017
REDEMPTION DATE : 24/01/2018
FULL TERM OF THE LOAN : 11 months
INVESTMENT PERIOD : 11 months
CURRENT PROPERTY VALUE: 1,625,000
SECURITY : 1st charge/2nd charge/2nd charge
PROPERTY TYPE : Residential/Residential/Residential
TENURE: Leasehold/Leasehold/Leasehold

 


The security properties for the loan is 1st legal charge on a ground floor two bedroom purpose-built flat and 2nd legal charge on two flats in a four storey mid-terrace house converted into four flats.

The value of the properties amounts to £1,625,000 in total. Flat 1 is £450,000 and is located in Southgate, London while the other two flats are £625,000 and £550,000 respectively and they are located in Haringey, London.

The achievable market rental income is at £15,600 per annum for the first flat and the rental income for the other two are £17,241 and £15,172 respectively.

The borrower intends to repay the loan by re-finance.