Loan

Loan #658554 Padiham Burnley, BB12 7BG, United Kingdom, 4 Bed HMO

Property location
83 Thompson Street, Padiham Burnley BB12 7BG United Kingdom

Executive Summary

This property is located at 83 Thompson Street in Padiham, a town and civic community on the River Calder. This is approximately 5 kilometers west of Burnley. The 4 bedroom HMO (House in multiple occupation) is located in a good neighborhood in East Lancashire.

Padiham, the picturesque town on the edge of the Ribble Valley, is fast becoming the creative center of Lancashire. This makes it a popular neighborhood to live in.

Some key points about the developer:
- The developer has done over 240 of these projects with the same social housing provider over the last 4 years
- He already has a buyer, which guarantees excellent security on exit.
- The developer also has their own construction teams in house

Investing FAQ
Loan terms summary
  • Interest per annum 10.00%
  • Fully subscribed 126,000.00 raised
  • Risk class i
  • Expires Closed
  • Target amount €126,000.00
  • 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) 123.0%
  • Loan To Value (LTV) 81.3% i
  • Location
    United Kingdom
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