CESTRIA HOLDINGS LIMITED – LOAN 2

Listed 30 April 2018 By No Comments
Borrower
Cestria Holdings Limited
Loan Amount
£250,000
Loan Term
18 Months
Repayment Method

Interest Only

Interest Rate

11% p.a. Fixed

Purpose

To continue the development to completion of the property in Chester Le Street, County Durham which is being converted into 6 self-contained dwellings.

Security

ThinCats sole charge over Cestria House, High Chare, Chester Le Street. DH3 3PY (Current Value £355,000). The security provided for loan 2 will rank behind loan 1 (£225, 000).

ThinCats sole debenture over borrower. Loan 2 will rank behind Loan 1.

Martin Fried will show his commitment by fully guaranteeing this loan. He has personal net assets of circa £430,000.

Valuations

The P2P Casebook information on this page has been prepared on the basis of information provided by Borrower to F&P Sponsors Limited for the purposes of completing the loan information pack relating to their case. F&P Sponsors Limited accept no responsibility or liability for the accuracy of the information in the information pack. Potential lenders must form their own view of the risk involved in lending to the Borrower and F&P Sponsors Limited accepts no liability for any loss or diminution of the value in the lender's assets arising from their decision to lend to the Borrower.