Loan #624006 Darwen, United Kingdom

Property location
60 Gillibrand Street Darwen BB3 1EZ United Kingdom

Executive Summary

This project is located at 60 Gillibrand Street, Darwen Lancashire. The property developer has done over 230 of these projects with the same social housing provider over the last 4 years and has a large pipeline for these types of deals coming through.

The developer has agreed the onward sale before he himself buys it, therefore giving great security on exit. Proof of the onward sale and the ID of the purchaser have been submitted to Max Crowdfund, but due to GDPR we cannot share the personal information publicly.

The developer also has their own construction teams in house who consistantly deliver 4-7 finished refurbishment projects every month of this type. The property will be subject to an extensive refurbishment programme to bring it to a high standard in line with the requirment of the social housing provider.

As soon as the refurbishment is complete, the onward sale will have been progressed in the background and will be ready to exchange and complete immediately.

Investing FAQ
Loan terms summary
  • Interest per annum 10.00%
  • Fully repaid 115,000.00 raised
  • Risk class i
  • Expires Closed
  • Target amount €115,000.00
  • Profit share 0.00%
  • Term 6 Months
  • Payment frequency 1 months
  • Loan purpose Buy to sell
  • Type Bullet i
  • Mortgage rank First Rank
  • Total Loan Cover (TLC) 134.8%
  • Loan To Value (LTV) 74.2% i
  • Location
    United Kingdom
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