Quanta Loans was the first P2P investment to launch on the Crowdstacker platform back in June 2015.
Since launch, Quanta Loans has gone from strength to strength and has exceeded expectations. The team, headed by Quanta CEO and property expert Robby Du Toit, has purchased 135 UK residential properties with the investment and achieved the refurbishment and sale process on average within 121 days.
We are now pleased to announce that Quanta Loans is open again for investment and the company aims to build upon the initial investment and raise a total of up to £6.5m.
Quanta aims to further the growth of the company by increasing the quantity of properties they are able to purchase and refurbish over the course of the investment.
Quanta CEO Robby Du Toit states "We have successfully purchased an average of 2-4 residential properties per month and a total of 135 properties over the 3 years. We have successfully, refurbished (if necessary) and sold an average of between 2-5 properties per month, a total of 120 properties sold over 3 years. "
“We have achieved a positive return on almost all of our properties purchased and sold, with the average return being c.30% per property purchased and sold, exceeding our 15% target.”
Quanta performance has resulted in year-on-year growth of our revenue. We continue to exceed our expectations and see the future fundamentals continuing to be positive.”
The new phase of Quanta Loans offers either a fixed 6.8% p.a., gross return, over a 3 year term or 5.75% p.a., gross return, over 18 months, with interest paid quarterly.
Karteek Patel comments “We have had quite a lot of interest in Quanta Loans since the investment overfunded. If any of the individual loans were advertised on our secondary market, they were always snapped up very quickly, so we knew demand to reopen the loans for further investment was there. One added feature is, that unlike the original loans launched in 2015, the new phase of Quanta Loans will be Innovative Finance ISA eligible, so investors can maximise any potential returns with tax-free benefits.”
As with any investing, your capital is at risk if you lend to businesses.
The investment will be secured over the assets, property and undertakings of Quanta Loans via a first ranking debenture.
The investment will be used to buy UK residential property and refurbish if necessary, and then sell on within a typical timeframe of only five months.
You can add this investment to either a Crowdstacker ISA or P2P account, both of which can offer you tax efficient benefits (subject to your tax status).
The first period closes on the 24th July. Take a look at the investment page today.
As with any investing, your capital is at risk. Tax treatment depends on individual circumstances and may be subject to change in the future.