Loan #644631 London, SE17 1LS, United Kingdom
The property only requires a light refurbishment and the lease is 92 years, meaning the whole lease extension process can be avoided. While the valuation was £410,000, having spoken to individual agents in the area, after refurbishment, anywhere upwards from £430,000 is deemed achievable.
The property is a well-proportioned ground floor one bedroom flat benefitting from a private yard to the rear and partly side of the building. Forming part of an attractive mid terrace three storey Victorian converted building, it comprises a living room, bedroom, kitchen with double doors leading to the private courtyard, and bathroom There is potential to extend and reconfigure to add a second bedroom subject to requisite consents. The property is in need of some light improvement works.
The property is located on Walcorde Avenue in a quiet cul-de-sac accessed off Browning Street. Just 0.3 miles from Elephant and Castle, the property is well positioned for access to local restaurants, bars, coffee shops and supermarkets. Elephant and Castle is currently undergoing a £4bn regeneration programme and the property is ideally located to reap the benefits of this.
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 381,000.00 raised
- Risk class i
- Expires 6 day(s) left
- Target amount €381,000.00
- Profit share 0.00%
- Term 6 Months
- Payment frequency 1 months
- Loan purpose Bridging
- Type Bullet i
- Mortgage rank First Rank
- Total Loan Cover (TLC) 118.5%
- Loan To Value (LTV) 84.4% i
- Location United Kingdom
- 654221€5,000.002021-11-11 07:56:56
- 654187€100.002021-11-11 07:39:20
- 654180€300.002021-11-11 07:39:06
- 654169€500.002021-11-11 07:37:03
- 654163€1,500.002021-11-11 07:35:02