West Bridgford
Earn 13.5% p.a. secured on assets. ISA eligible.
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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.
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.
The closing is the 23rd June 2023, invest by then to start earning interest from the W/C 26th June 2023.
Earn 13.5% p.a. secured on assets. ISA eligible.
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.
Tang Developments Construction Limited would like to borrow a total of £339,370 via a PDL loan to finance the development of two new detached properties at 151 Melton Road, and the refurbishment of 42-44 Bridgford Road to create new apartments and commercial units in West Bridgford, a wealthy suburb of Nottingham. The Loan is classed as a PDL Develop product because the funding will be used to part finance the project through the construction phase of the project.
How investing in the West Bridgford P2P investment works
The investment offers 13.5% p.a. over a 20 month term with interest and principal invested repaid at the end of the term. The funding will be mezzanine funding to top up senior lending from West One. It represents a LTGDV of 69.13%.
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 70% of the Gross Development Value and 84% 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 £225 interest monthly and capital at the end of the 20 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 2023/24.*
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 first site is at 151 Melton Road which is currently occupied by a large, detached house which will be demolished. Two six bedroom, detached family homes will be constructed in its place. The second site is at Bridgford Road and is currently occupied by a pub and other commercial premises but will be purchased with vacant possession. The existing buildings will be reconfigured and refurbished into a large apartment block offering seven apartments, and two ground floor commercial premises.
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.
The closing is the 23rd June 2023, invest by then to start earning interest from the W/C 26th June 2023.
Six great reasons to lend to West Bridgford Loans.
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