Loan

Loan #609325 Worthing West Sussex, BN11 4PD

Property location
10 Cowper Road West Sussex BN11 4PD United Kingdom

Executive Summary

This opportunity is to purchase a freehold of block of 6 flats with light refurbishment which includes replacing bathroom in Flat 1 and general painting of the whole apartments. The strategy is to carry out a title split where these freehold blocks of flats would be split into individual titles and “sold off” on long term leases. Properties in this location are in high demand and the estimated time for completion is expected to be within 6-12 months if not earlier. Alternatively, those properties could be ‘’let out’’ for passive income of £ £4,080 per month after which the exit will be to refinance the property via a commercial buy-to-let mortgage.

Investing FAQ
Loan terms summary
  • Interest per annum 10.00%
  • 97.2% invested by 391 investor(s) 23,300.00 left
  • Risk class i
  • Expires 20 day(s) left
  • Target amount €825,000.00
  • 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) 111.3%
  • Loan To Value (LTV) 89.9% i
  • Location
    United Kingdom
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