Posted on I&F marketplace in May 2017.
Refinance purchase, demolition and construction of 8 x 2 bedroom flats, Surrey.
Expected £80k Tranche 6 drawdown on £2.1m+ facility
£1.3m+ already drawn down, project due to complete in April 2018.
The lending opportunity
9.0% p.a. gross (8.25% p.a. net interest rate paid to lender)
Interest rolled up – fixed rate
First Fixed Charge, Debenture , Guarantee.
Monitoring update from Invest & Fund third party (April 2017)
Superstructure works have continued with the construction of internal masonry partitions up to underside of 1st floor • Supporting steel beams and internal precast access stair flights installed at lower ground and ground floor • From on-site review of layouts we confirm the introduction of retaining walls to change lowest level flats from basement to lower ground floor.
Register to start lending to secure, carefully selected developments
Visit our Lending Marketplace to see new opportunities, access full credit summaries, independent third party reports and the resale marketplace.
Please remember lending places your capital at risk.