Loan Information
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Investment Area

Padbrook Lane - CT3

100
Expected Loan End Date: 18-01-2022


Following a site visit by our independent surveyor, we’re ready to release the 3rd tranche of this loan, a further £99,991.12.

At the time of inspection by our surveyor, site clearance had been undertaken. The foundations had been installed along with the brickwork up to damp course. Some drainage has been installed, structural elevations are underway and scaffolding is being erected.

Our borrower has worked in construction for the last 23 years and has previously undertaken several similar ground-up projects.

Our loan will total £552,500.00 against a gross development value of £1,000,000.00, giving a LTGDV of 55.25%.

This is a 15 month term and exit will emanate from refinance.

OPEN MARKET VALUATION

£99,991.12

LOAN ADVANCE DATE

08-02-2021

KUFLINK BRIDGING STAKE

£4,999.56

LOAN END DATE

18-01-2022

GROSS DEVELOPMENT VALUE

£1,000,000.00 (LTGDV: 55%)

LOAN EXPIRES IN

LOAN EXPIRES IN

SECURITY

First Legal Charge

TENURE

Freehold

LOAN RATING:

A3

This loan rating system is designed to indicate the risk level of each investment opportunity. As a guide, an A1 loan is considered to be low risk and a C3 loan is considered to be higher risk.

The level of risk is determined using an algorithm that measures numerous variables such as the LTV, the location of the security property, the borrower’s credit score, the legal charge that we hold over the security and more.

c3
c2
c2
b3
b2
b1
a3
a2
a1

In this section you will see updates on the performance of this loan. There are no updates at the moment. Please check again soon for more information.

SECURITY

First Legal Charge

REPAYMENT HISTORY

Good, clean credit score

VALUATION CARRIED OUT BY:

Bruton Knowles

VALUATION REPORT

View

VALUATION DATE

03-02-2021

SOLICITORS APPOINTED:

Healy’s