The property is located within the suburb of Waterloo which is approximately 5 miles North of Liverpool City Centre. Waterloo is principally a residential suburb of Liverpool, developed mainly in the Victorian period, hence why housing in the area is typified by Victorian terraces. The property itself is situated at the junction of Bramhall Road and Park Road, forming the Western end of a set of 8 similar terraces.
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This project is a £1,686,000 12-month development loan for the acquisition and renovation of three terraced houses into 18 apartments. This initial round of funding is for £1,236,000 gross to help fund the acquisition and allow the borrower to continue working on the project. This phase’s interest will be kept and supplied to Lenders. For a maximum duration of 12 months, lenders will earn 7.3 percent per annum equivalent.
Convenience stores along South Road, St Johns Road, and Crosby Road North, adding to the area’s appeal. Crosby District Centre (also known as Crosby Village) is about a mile to the north and offers a variety of shopping options, including a Sainsbury’s supermarket.
FLOOR AREARESIDENTIAL (STANDARD CONSTRUCTION) 13173 SQ.FT.
RICS VALUATIONUP TO 12 MONTHS #######
COST OF WORK1ST CHARGE #######
EST. SALES VALUE (GDV)**1 OF 2 #######
TOTAL LOAN FACILITY
INITIAL LOAN TO VALUE£1,686,000 65%
LOAN TO GDV 58.70%
OWED AT EXIT TO GDV*** 60.00%
Ryan has Pledged £50,000