Loan #587531 47 Myers Road, Liverpool, L23 0RT, UK

Property location
47 Myers Road West Crosby Liverpool L23 0RT United Kingdom

Executive Summary

Silhouette Property LTD identified a property in the Crosby area, which they believe offers a unique opportunity to achieve
an above average return over a relatively short period of time. The property concerned is a 3-­bed, semi-­detached house on a residential street.

The property is off-market and it has no mortgage registered on it. The fundraiser knows the seller is wanting a quick sale. This provides the opportunity to secure a quick decision at below market value.

The house is in a good solid state but requires refurbishment throughout. It will need a re-wire, new kitchen, bathrooms, flooring and decorating throughout. The extremely large garden will also be modernised. The property has a large garage to the side, which could be used as a gym, or a bar/family room which will be decorated and brought up to standard.

A single storey extension is also under consideration and Silhouette Property LTD plans to apply for planning and sell the house with approved planning to go into the loft space.

The exit strategy for the property is either a sale for around £300,000 or a refinance with a highstreet bank where a "normal" mortgage would be obtained and the loan provided by Max Crowdfund would be repaid.

Investing FAQ
Loan terms summary
  • Interest per annum 10.00%
  • 100% invested by 61 investor(s) 0.00 left
  • Risk class i
  • Expires Closed
  • Target amount €250,000.00
  • Profit share 0.00%
  • Term 12 Months
  • Payment frequency 1 months
  • Loan purpose Buy to sell
  • Type Bullet i
  • Mortgage rank First Rank
  • Total Loan Cover (TLC) 134.0%
  • Loan To Value (LTV) 74.6% i
  • Location
    United Kingdom
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