Post by ozboy on Jan 5, 2018 16:48:45 GMT
open market value £200,000.00
1st charge £111,000.00
BridgeCrowd charge 1st
total loans secured over property £111,000.00
LTV 55.5%
Interest rate 0.75% per month
Remaining term 5 months and 0 days.
start date: 08/01/2018
loan term: 150 days
purpose: To pay architects fees and other associated pre-development costs
planned exit: Development finance
personal guarantee: Yes
indemnity from valuers: Yes
will an extension be allowed? Possibly
From Valuation Report: "We understand the site was bought at an advantageous price due to a heavy amount of growth of Japanese Knotweed, we can confirm from our visual inspection this problem is not eradicated and we understand was eradicated at a some considerable cost."
1st charge £111,000.00
BridgeCrowd charge 1st
total loans secured over property £111,000.00
LTV 55.5%
Interest rate 0.75% per month
Remaining term 5 months and 0 days.
start date: 08/01/2018
loan term: 150 days
purpose: To pay architects fees and other associated pre-development costs
planned exit: Development finance
personal guarantee: Yes
indemnity from valuers: Yes
will an extension be allowed? Possibly
From Valuation Report: "We understand the site was bought at an advantageous price due to a heavy amount of growth of Japanese Knotweed, we can confirm from our visual inspection this problem is not eradicated and we understand was eradicated at a some considerable cost."