Loan #1580990 42 De-La-Beche Road Sketty SA2 9AR United Kingdom
This property renovation project in Swansea, South Wales, is ideally located near Swansea University, a major hospital, schools and transport connections. The developer plans to renovate the detached property and convert it into a modernised main house and separate cottage. While the plan is to resell the houses, an alternative exit plan is to retain and rent them as holiday accommodation. Local residents and doctors have expressed interest in purchasing the properties, and a housing provider has offered a 10-year lease for care residents with an estimated annual figure of £85,000.
The period property occupies a corner plot and currently consists of six bedrooms and two huge reception rooms over three floors, as well as a separate one-bedroom cottage. The plan is to renovate the property, add two bathrooms and separate it into two units for resale to local buyers whom have already expressed interest. The developer has planning permission in place for an independent access to the cottage in view to split the titles and sell them separately. Valuations pre and post-renovation have been conducted by an RICS certified surveyor.
The property is in an excellent location, just a stone’s throw from Singleton Hospital and Swansea University, opposite the outstanding Bishop’s Gore School and Singleton Park, and just a 15 minute walk to the beach. The city centre, train connections and major motorways are also just two miles away.
Swansea is a historic city in South Wales (UK) and the second largest city in Wales. Swansea has three universities with a total international student population of over 18,000. Swansea’s stunning waterfront, bay and beaches make it a desirable location for tourists, students and domestic holiday makers.
The project developer, Greenshire International Ltd., has negotiated planning consent on five schemes which will enable it to deliver more than 15 units of housing. There are also a further three schemes being prepared for future projects.
Investors can invest in real estate backed loans from €100 or a multiple of this.
Because of the regulations in the Netherlands:
- A maximum of €80,000 applies per individual investor in total investments made on Max Crowdfund.
- If you have a joined account this is doubled to €160,000.
- When investing a minimum of €100,000 per loan it will not be added to the total investments made on Max Crowdfund.
- Company accounts as have no limits.
Please note, that Max Crowdfund can optionally set a maximum for a single investment regardless of the above.
You will be notified in case your investment(s) exceed(s) any limit.
On the Max Crowdfund platform you have your personal Max Crowdfund Current Account. You can top your Max Crowdfund Current Account up via various payment providers such as iDeal or by bank transfer. Provided your balance is sufficient, you can start investing in loan applications immediately. The maximum deposit amount allowed differs per payment provider, but is usually a maximum of € 50,000. If you supplement your balance via a bank transfer, please use the reference provided in the description with your payment. Please note processing your bank transfer may take more than a day, which may mean you miss out on the investment opportunity.
No. Investors must be over 18 and must have an approved account, meaning their Know Your Client (KYC) documentation needs to be submitted and approved and have a bank account linked to their account. Country-specific restrictions exist and certain nationalities may be prevented from participation in some investment products. This is to prevent money laundering, tax evasion and other illegal activities, in line with our commitment to regulatory compliance and transparency.
At the moment we only accept EURO for investing in real estate backed loans. We are aiming to accept all currencies, including crypto currencies, like we do for the Max Property Group Share Certificates, but this depends on the regulators.
By Dutch law you are allowed a 24 hour cooling-off period, which means you can either change or cancel your investment during this time without any fees charged. After the cooling-off period you cannot change or cancel your investment. You are still allowed to make a second investment. Multiple investments will be combined in one when a loan is finalised.
Yes, but you will need to have a joined bank account with your partner. If you have a joined bank account, you can request to register a joined account on Max Crowdfund. Once approved, the regulatory limit for investing will be doubled to €160,000.
You can only register a new bank account by making a bank transfer of any amount from that bank account. We only accept bank accounts that are held by you and are in your name.
If you only have one bank account registered, this will automatically be your preferred account. In case you have multiple accounts registered, you can select only one of those to be the preferred account. Funds in your Max Crowdfund Current Account that are not used for a period of more than 60 days will automatically be transferred to your preferred bank account.
When the fundraiser fails to meet their obligations to make periodic payments as defined in the loan agreement, Max Crowdfund will follow up. Periodic updates will be shared to inform investors about the status of the loan. To recover from default, measures like a change of terms can be proposed, but this requires the approval from a majority of all involved investors via online voting. In the worst case scenario the Max Crowdfund Security Agent will execute on the collateral for the loan and distribute the proceeds to the investors.
Loan terms summary
- Interest per annum 10.00%
Fully subscribed 401,600.00 raised
- Risk class i
- Expires Closed
- Target amount €401,600.00
- Profit share 0.00%
- Term 9 Months
- Payment frequency 1 months
- Loan purpose Buy to sell
- Type Bullet i
- Mortgage rank First Rank
- Total Loan Cover (TLC) 125.0%
- Loan To Value (LTV) 80.0% i
- Location United Kingdom
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