Loan #638108 Woore Shropshire, CW3 9RJ, United Kingdom
Bluetouch Ventures Ltd are looking to raise funds against a plot of land, which the business purchased in 2020, with planning approval for four large detached homes in Woore, Shropshire. The permission came with numerous planning conditions that they have managed to discharge over the past 12 months as well as developing a more appealing and valuable proposal for an alternative scheme. They are now looking to recapitalise the business for the next phase of the development to bring the site to market as a fully prepared and licensed development project with site infrastructure in place.
They have already funded all architect, engineer and site investigation works along with all ecological, archaeological and arboricultural investigation and reporting required to discharge all pre-construction planning conditions to get the site to the point where it can be sold quickly without obstacles once the new planning approval is granted.
Due to market conditions during the pandemic, this land in Shropshire was obtained for just over £200,000. The site has been valued on the existing planning permission at £529,000 by a RICS surveyor. There is also a new planning application pending decision for an improved scheme which has been valued at between £1,000,000 - £1,100,000 by a local estate agent. Reflecting a significant uplift from the auction price. The funding application is based on the current valuation and LTV will significantly improve on approval of new scheme.
The exit strategy is to have the new scheme approved by the end of 2021, marketing the development for sale in the new year as a whole and as individual plots to appeal to either a small local developer or the self-build market. Expecting to achieve sales at worst case £529,000 on the existing scheme or circa £1m if successful with the revised application.
Bluetouch Ventures Ltd feels the site represents good value for an investor to secure a healthy, risk-free return within 6-12 months as the sale of 2 plots will enable the return of the loan in full.
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 486,000.00 raised
- Risk class i
- Expires Closed
- Target amount €486,000.00
- Profit share 0.00%
- Term 12 Months
- Payment frequency 1 months
- Loan purpose Bridging
- Type Bullet i
- Mortgage rank First Rank
- Total Loan Cover (TLC) 106.0%
- Loan To Value (LTV) 77.6% i
- Location United Kingdom
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