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Sep 2022
9
days
left
Sep 2022

The closing is the 4th October 2022, invest by then to start earning interest from the W/C 24th October 2022.

New Road

Earn 15% p.a. secured on assets. ISA eligible.

Interest
15%
per annum
Invest from:
£100
Choice of term:
9 months
Repayments:
At the end of the term
Investment type:
P2P Loan
Target raise:
£364,000
Amount raised:
£231,139

Repayments of interest

Interest is paid on the capital invested in accordance with the stated Repayments. The capital is repaid as a lump sum at the end of the term.

New Road Loans, an ISA eligible, P2P investment, offering 15% p.a. interest

Rochester Heights Limited would like to borrow a total of £364,000 via a PDL loan to refinance a construction project at New Road in Chatham in Kent. It is classed as a PDL Develop product because the funding will be used to part finance the project through the final construction phase.

How investing in the New Road P2P investment works

The investment offers 15% p.a. interest over a 9 month term with interest and principal invested repaid at the end of the term. The development will create 21 one and two bedroom flats across two interconnected apartment blocks and is predicted to be complete by late 2022/early 2023.

 

Giving you better security on your investment

The investment benefits from multiple layers of security. First, a second ranking debenture over the assets, property, and undertaking of the Borrower.

Second, a second ranking legal charge over the Property of the Borrower. Third, there will be a personal guarantee provided by the Guarantor(s).

Finally, the principal amount of the aggregate of all Loans and the loan advanced by the Senior Lender used to fund the development, shall not be greater than 75% of the Gross Development Value and 96% of the Loan to Cost of the property development.

 

So how much interest will I receive?

It’s simple – if you invest £1000 (for example) you receive back this capital plus £112.50 interest at the end of the 9 month loan term. Interest is paid directly into your account on the Crowdstacker P2P platform or your bank account. Take a look at our interest calculator below to work out what your specific investment could yield.

 

Can I hold my investment tax efficiently?

At Crowdstacker we offer two accounts which offer you tax efficient benefits:

Crowdstacker Innovative Finance ISA - pays interest gross and allows you to earn interest tax-free. You can invest up to £20,000 in this tax year 2022/23.*

Crowdstacker P2P Account - pays interest gross and is eligible for up to £1,000 tax-free interest under the Personal Savings Allowance.*

 

*Please note tax benefits are subject to your own personal tax status.

 

More about the development

The site at New Road is under construction and are now wind and water tight. Together they will offer 21 one and two bedroom flats. The larger of the two blocks will have 14 flats and the second block will offer seven. Some will offer one bathroom and others will have two, whilst all but four will have outside space in the form of a balcony or terrace. Planning Permission was granted and on the basis that the development would be car-free, so therefore there are no parking spaces. The site is, however, very close to Chatham train station which provides services to London Victoria, London St Pancras, as well as north to Luton and to Dover on the south coast.

 

More about Crowdstacker

Crowdstacker is an award-winning P2P investment and ISA provider, bringing you handpicked investments, many of which offer a social or community benefit.

Please note the target raise will be filled on a first come first-served basis.

Your capital is at risk when you lend to businesses.

Sep 2022
Next closing: Tuesday 04 October 11pm

The closing is the 4th October 2022, invest by then to start earning interest from the W/C 24th October 2022.

9 16

The finer details

Six great reasons to lend to New Road Loans.

 

Security - How secure is my investment?
Security

How secure is my investment?

Rate of interest - What interest rate will I receive?
Rate of interest

What interest rate will I receive?

Payment frequency - How often will I receive interest?
Payment frequency

How often will I receive interest?

Term - How long is the investment for?
Term

How long is the investment for?

Opportunity - What is the market opportunity?
Opportunity

What is the market opportunity?

Benefits - Are there any added benefits?
Benefits

Are there any added benefits?

Do the maths

Enter your investment amount from £100
to see how much you could earn

If I invest

Returning

RateRepayingPayment FrequencyLoan Term
15.00%interestterm end9 months

I could earn

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