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Nov 2022
13
days
left
Nov 2022

The closing is the 12th December 2022, invest by then to start earning interest from the W/C 19th December 2022.

Wickford

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

Interest
15%
per annum
Invest from:
£100
Choice of term:
15 months
Repayments:
At the end of the term
Investment type:
P2P Loan
Target raise:
£205,000
Amount raised:
£142,404

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.

Wickford, an ISA eligible, P2P investment, offering 15% p.a. interest

Parkview Wickford Limited would like to borrow a total of £205,000 via a PDL loan to construct 18 one- and two-bedroom apartments in Wickford, Essex.. 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 Wickford P2P investment works

The investment offers 15% p.a. interest over a 15 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 CrowdProperty. It represents an LTGDV of 74.95%.

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 90% 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 £187 interest at the end of the 15 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 project will create 18 one- and two- bedroom apartments ranging in size from 555 sqft to 1044 sqft. Some will have two bathrooms, and some will have on-site parking. Outside space will be provided by a communal courtyard, whilst others will also have private balconies. Construction work is already underway and this new lending is required to accommodate an increase in costs.

 

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.

Nov 2022
Next closing: Monday 12 December 07pm

The closing is the 12th December 2022, invest by then to start earning interest from the W/C 19th December 2022.

13 11

The finer details

Six great reasons to lend to Wickford 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 - What is the market opportunity?
Benefits

What is the market opportunity?

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 end15 months

I could earn

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