Post by ozboy on May 16, 2017 15:09:29 GMT
Land Registry records that # 2 sold for £155,000 on 2005-06-07 and # 4 sold for £33,000 on 1995-03-14, fat lot of good that is for a rough bit of DD.
And we all like a rough bit of DD now and again.
Security Value: £225,000.00
Loan Amount: £157,500.00
% PA: 12%
Term; 6 Months.
Loan to Value (LTV): 70.00%
Loan Goes Live: 17/05/2017 at 10:00
Pre Fund Limit: £1000.00
Bid Limit (includes Pre Fund amount): £2,000.00
The property is located to the North West of England; moreover, the subject property is located within the town of Birkenhead. Birkenhead is situated approximately 3km west of Liverpool city centre.
The property comprises a four storey over basement, mid-terraced office building, with basement forecourt and enclosed yard to the rear. Parking is on-road, with restrictions enforced.
The borrower has over 25 years of Property Development experience covering Industrial, Commercial and residential developments. He is putting the funds towards purchasing and refurbishing the property and intends to use part of these premises as his head office once the works are complete.
Exit The exit to this loan by way of a refinance, in which he has a facility with a major high street bank.
Security
This is a £157,500 loan secured by a first charge and a debenture over the company.
A 6-month Bridging Loan. 6 months interest will be deducted at drawdown to ensure the LTV doesn’t increase during the lifetime of the agreement.
Please note the loan end date will be six months from the drawdown date, interest is payable from the date your funds are allocated to the loan.
And we all like a rough bit of DD now and again.
Security Value: £225,000.00
Loan Amount: £157,500.00
% PA: 12%
Term; 6 Months.
Loan to Value (LTV): 70.00%
Loan Goes Live: 17/05/2017 at 10:00
Pre Fund Limit: £1000.00
Bid Limit (includes Pre Fund amount): £2,000.00
The property is located to the North West of England; moreover, the subject property is located within the town of Birkenhead. Birkenhead is situated approximately 3km west of Liverpool city centre.
The property comprises a four storey over basement, mid-terraced office building, with basement forecourt and enclosed yard to the rear. Parking is on-road, with restrictions enforced.
The borrower has over 25 years of Property Development experience covering Industrial, Commercial and residential developments. He is putting the funds towards purchasing and refurbishing the property and intends to use part of these premises as his head office once the works are complete.
Exit The exit to this loan by way of a refinance, in which he has a facility with a major high street bank.
Security
This is a £157,500 loan secured by a first charge and a debenture over the company.
A 6-month Bridging Loan. 6 months interest will be deducted at drawdown to ensure the LTV doesn’t increase during the lifetime of the agreement.
Please note the loan end date will be six months from the drawdown date, interest is payable from the date your funds are allocated to the loan.
