Loan #640320 Barrow-In-Furness, LA14 5PE, United Kingdom
We will be purchasing the two-bed mid terraced property for a significant discount in order to give the current landlord the opportunity to liquidate due to personal circumstances that demand a fast sale.
The property is currently tenanted and giving a good return in excess of 10% despite the current rental being below-market rental value for the area. In addition, the property's current condition allows for minor cosmetic works to be undertaken to demonstrate an increase to its true value.
Ofsted, a "good" reported school is 0.2 miles away.
The Barrow-in-Furness train station is 0.4 miles away.
The City centre is a 5-minute drive away.
The hospital is a 4-minute drive away.
And the local supermarket is also a 5-minute drive away.
The current landlord has done contemporary decorations, so the property will be purchased in a reasonable conditions. Additionally, the property is situated in a prime rental location for tenants.
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 90,000.00 raised
- Risk class i
- Expires 2 day(s) left
- Target amount €90,000.00
- Profit share 0.00%
- Term 9 Months
- Payment frequency 1 months
- Loan purpose Buy-to-rent
- Type Bullet i
- Mortgage rank First Rank
- Total Loan Cover (TLC) 102.2%
- Loan To Value (LTV) 78.3% i
- Location United Kingdom
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