Lendy  Ltd  |  Baring  Chambers,  13  Denmark  Road,  Cowes,  IOW,  PO31  7SY  |  Company  no.  8244913  

   

BRIDGING  LOAN  PARTICULARS  REF:  LF013      

   

Early  i.e.  pre-­‐drawdown  SS  investors  will  receive  0.5%  cashback,  in  addition  to  1%  a  month.    

PROPERTY  DESCRIPTION-­‐  RESTAURANT  ITALO  ARGENTINO,  CHEVEY  DOWN  ROAD,  WINKFIELD  ROW,  CROWTHORNE,  SURREY,  RD42  6NH  

 2  story  detached  building  in  a  predominately  semi  rural  residential  area  of  Crowthorne,  Surrey.  It  was  originally   constructed  as   a  public   house   c1900,   it   is   now  being  used  as   a   restaurant  on   the   ground  floor  with  upper  floor  residential  parts.      The  borrower  is  buying  out  another  partner  in  the  property  and  repaying  some  other  debts.  Barclays  Bank   PLC   have   indicated   that   they   will   be   happy   to   refinance   this   within   c3   months   once   the  ownership  structure  has  been  settled.    The  financial  position  of  the  borrower  is  very  strong,  they  have  substantial   assets   and   have   a   successful   background   in   retail/restaurant   operations   and   property  development.      Total  security  value  £625,000.00    LOAN  PARTICULARS    Loan  Term  (max):   6  months   Loan  amount:   £406,250.00  Loan  Term  (min):   6  month   Loan  to  Value  (LTV):   65%  Loan  advance  date:   01/10/14   Open  Market  Valuation:   £625,000.00      SECURITY  PARTICULARS    Primary  Security:   1st  charge     Valuation  by:   Robert  Stirling  

 Secondary  security:   PGs   Valuation  date:   14th  July  2014  (new  

vals  being  written).    

Tenure:   Freehold   Legals  by:   Clarke  Willmot    

   

 

Lendy  Ltd  |  Baring  Chambers,  13  Denmark  Road,  Cowes,  IOW,  PO31  7SY  |  Company  no.  8244913  

     PURPOSE  OF  THE  LOAN    Ownership  restructure.  Repayment  of  existing  debt.      EXIT  STRATEGY    Refinance  with  Barclays  Bank  or  another  high  street  bank    INVESTOR  HIGHLIGHTS    • Lendy  Ltd  is  deducting  6  months  of  interest  payments  from  the  loan  advance.  • Early  i.e.  pre-­‐drawdown  SS  investors  will  receive  0.5%  cashback,  in  addition  to  1%  a  month.  • Choice  of  interest  to  be  paid  immediately  following  drawdown  or  on  a  monthly  basis.  • Interest  will  accrue  immediately  upon  your  commitment  to  this  loan.  • If  the  loan  does  not  go  ahead,  Lendy  Ltd  will  pay  interest  owed  to  all  committed  investors.