0174CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£715,000 6.75% 52.8% 5 months
Assigned
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Additional Info

DRAWDOWN DATE : 17/10/2016
REDEMPTION DATE : 17/03/2017
FULL TERM OF THE LOAN : 5 months
INVESTMENT PERIOD : 5 months
CURRENT PROPERTY VALUE: £1,100,000
SECURITY : 1st charge
PROPERTY TYPE : Residential
TENURE: Leasehold

The security property was constructed in 1988 and forms a large complex of 114 luxury apartments with underground parking, concierge, gym, swimming pool and external areas for relaxation and barbecues. The subject property lies on the 3rd floor with lift access.

 

The building is of framed construction clad in brick and has pitched tiled roofs with roof terrace areas above the 7th and 8th floor levels.

 

Internally, the apartment is fitted out to a high standard with wood and marble flooring, a superior fitted kitchen and contemporary bathroom suites.

 

The property occupies a central position on the third floor in this block of 114 luxury flats with excellent views across London.

 

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