151CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£520,000 7.0% 41.7% 6 months
Assigned
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Additional Info

DRAWDOWN DATE : 27/05/2016
REDEMPTION DATE : 30/12/2016
FULL TERM OF THE LOAN : 7 months
INVESTMENT PERIOD : 6 months
CURRENT PROPERTY VALUE: £1,800,000
SECURITY : 2nd legal charge
PROPERTY TYPE : Commercial/Residential
TENURE: Freehold

The subject property comprises a modern three storey building with ground floor shop and four self-contained flats above.

 

The property is of traditional solid brick/blockwork construction under a flat roof, timber casement windows and concrete flooring.

 

The property is located in an established residential and commercial area with Finsbury Park main line / tube station within a short walk, and the Emirates Football Stadium a short bus ride away – the home of Arsenal Football Club.

 

Located on the fringes of the North London Borough of Islington in a heavily populated area.

 

The borrower intends to repay the loan by refinancing.