Monthly Archives - November 2016

Further lending by REAL Bonds

Another transaction was completed today using REAL Bond finance.  The new loan for up to nine months contributed towards the purchase of a freehold residential development site with planning consent overlooking open countryside in the London Borough of Enfield.  REAL Bondholders are secured by a first charge over the site at 52% LTV (loan-to-value). REAL director Alan Bate comments, "This experienced borrower needed to exchange and complete quickly to win the site in a competitive market.  We reinvested bond finance [...]