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Don’t invest unless you’re prepared to lose money. This is a high risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

Oct 2024
12
days
left
Oct 2024

The closing is the 20th October 2024, invest by then to start earning interest from the W/C 21st October 2024.

Tregonning Close

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

Interest
15%
per annum
Invest from:
£100
Choice of term:
7 months
Repayments:
Monthly
Investment type:
P2P Loan
Target raise:
£161,625
Amount raised:
£99,030

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.

Tregonning Close, an ISA eligible, P2P investment, offering 15% p.a. interest paid monthly.

Seack Developments Ltd would like to borrow a total of £161,625 via a PDL loan to refinance the final two of eleven 4 bedroom detached houses in Helston, Cornwall. The Loan is classed as a PDL Exit product because the funding will be used for the final phase of the project whilst the properties are sold.

How investing in the Tregonning Close P2P investment works

The investment offers 15% p.a. over a 7 month term with interest paid monthly. The funding will be mezzanine funding to top up senior lending from Acre Lane Capital. It represents a LTGDV of 80%.

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, is not greater than 80% of the Gross Development Value of the property development.

 

So how much interest will I receive?

It’s simple – if you invest £1000 (for example) you receive £12.50 interest monthly and capital at the end of the 7 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 2024/25.*

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 two detached properties are located in a residential area known as Ashton, which is between Helston and Penzance. Amenities can be found in local villages, such as a Spar (situated c. 3km away), a primary school (2.5km away) and a pub in the village itself. Both houses offer four bedrooms upstairs, with an en-suite to the master bedroom. Downstairs is mainly open plan, similar to plot one, but plot two has a separate study instead of a pantry. It also has a driveway and detached single garage, as well as a patio and good size garden mostly laid to lawn at present.

 

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.

Oct 2024
Next closing: Sunday 20 October 11pm

The closing is the 20th October 2024, invest by then to start earning interest from the W/C 21st October 2024.

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The finer details

Six great reasons to lend to Tregonning Close 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%interestmonthly7 months

I could earn

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