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Trafalgar Property Group Secure Vital Financing

Trafalgar Property Group, the residential and assisted living property developer, has announced that it has secured financing from the wife of a former Director.

Announced on the Stock Market late last week, Susan Johnson, the wife of 38.31% shareholder and former company director Chris Johnson.

Trafalgar has been seeking funding from third parties but was unable to secure a loan.

The current loan facility provided by Susan Johnson sees Trafalgar receive a loan of £380,000 at an interest rate of 5 per cent per annum repayable on 28th February 2020.

The developer state that the proceeds of this loans will be used to repay the company’s current loans on flats 3 and 5 Burnside Close.

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