Post by eeyore on Jun 16, 2021 16:02:16 GMT
New 36-month term loan for Colchester C*** L*** with P*** (PLL0979) has been announced.
Total loan: £530,000 LTV: 56.7%
Tranche A: £467.5k @ 6.3% gross
Tranche B: £62.5k @ 8.0% gross
The security is a first legal charge on a freehold property currently occupied by two tenants on rolling one-year tenancies. The strategy is to obtain full planning consent for residential/student accommodation development and then to sell the property or to undertake the development directly.
See the full loan request and valuation report for details which are available on the website.
Allocation of TrancheA funds for Always-On lenders has already taken place (Wednesday 16-Jun).
Funds for Self-Select lenders must be in their cash accounts by 17:30 on Thursday 17-June for allocation on Friday.
Total loan: £530,000 LTV: 56.7%
Tranche A: £467.5k @ 6.3% gross
Tranche B: £62.5k @ 8.0% gross
The security is a first legal charge on a freehold property currently occupied by two tenants on rolling one-year tenancies. The strategy is to obtain full planning consent for residential/student accommodation development and then to sell the property or to undertake the development directly.
See the full loan request and valuation report for details which are available on the website.
Allocation of TrancheA funds for Always-On lenders has already taken place (Wednesday 16-Jun).
Funds for Self-Select lenders must be in their cash accounts by 17:30 on Thursday 17-June for allocation on Friday.
