Post by eeyore on Jan 28, 2021 11:11:32 GMT
New 36-month loan for Chelsea C*** M*** U*** (PLL0963) should be available on Friday 29-Jan.
Tranche A: £675k @ 7.05%
Tranche B: £81k @ 9.85%
The security comprises a design studio/workshop with office accommodation, situated on part of the second floor of a five-storey building. The loan is required to raise working capital for the business owned by the borrower located at the premises. The exit strategy is to redeem the loan with the proceeds of the sale of an overseas property, possibly as early as mid-2021. See the full loan request and valuation report for details.
Update 4-Mar-2024: Current lenders can roll-over loans in this loan to the new refinance loan (to be submitted by the end of Tuesday 5-March).
Update 8-Mar-2024: The loan has been repaid in full and replaced by the Chelsea C*** M*** U*** Refinance loan.
Tranche A: £675k @ 7.05%
Tranche B: £81k @ 9.85%
The security comprises a design studio/workshop with office accommodation, situated on part of the second floor of a five-storey building. The loan is required to raise working capital for the business owned by the borrower located at the premises. The exit strategy is to redeem the loan with the proceeds of the sale of an overseas property, possibly as early as mid-2021. See the full loan request and valuation report for details.
Update 4-Mar-2024: Current lenders can roll-over loans in this loan to the new refinance loan (to be submitted by the end of Tuesday 5-March).
Update 8-Mar-2024: The loan has been repaid in full and replaced by the Chelsea C*** M*** U*** Refinance loan.
