Loan

Loan #1056160 Sale, M33 3PN, United Kingdom

Property location
17 Cranleigh Drive Sale M33 3PN United Kingdom

Executive Summary

Bluetouch Homes Ltd bring another exciting opportunity to the platforms investors. We are now looking to raise funds for the latest development which is semi-detached home in the immensely popular Greater Manchester suburb of Sale.

Sale in the centre of Trafford has become one of Greater Manchester’s hotspot areas in recent years and was rated the fourth best place to live in the country, beating the likes of Altrincham and Didsbury. And is now experiencing a boom in house values and sales, with homes selling quicker than ever.

Built along the Bridgewater Canal, the large suburb has an array of shops, cafes, bars, restaurants and is well known for having an abundance of great primary and secondary schools.

A full refurbishment, remodel and permitted development extension will be carried out to create a high spec, modern home. This project benefits from an onward sale pre-agreed to one of our corporate clients, for who we source and acquire numerous properties before completing any necessary works and handing over. The sale has been agreed for completion of works at £575,000, providing excellent security on exit.

The total cost of the project including purchase and funding costs is just over €590,000 with a healthy profit of close to €90,000 and represents good value for an investor to secure a healthy, low risk return on a project we have a pre-agreed sale for. We expect to complete the program of works within 8-9 months allowing 6 weeks flexibility on our proposed schedule.

Investing FAQ
Loan terms summary
  • Interest per annum 10.00%
  • Fully subscribed 550,000.00 raised
  • Risk class i
  • Expires 13 day(s) left
  • Target amount €550,000.00
  • Profit share 0.00%
  • Term 10 Months
  • Payment frequency 1 months
  • Loan purpose Bridging
  • Type Bullet i
  • Mortgage rank First Rank
  • Total Loan Cover (TLC) 120.9%
  • Loan To Value (LTV) 82.7% i
  • Location
    United Kingdom
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