Loan

Loan #663070 Rochdale OL11 3DG United Kingdom - 5 Bed HMO

Property location
35 Partington Street Rochdale OL11 3DG United Kingdom

Executive Summary

This project is located at 35 Partington Street, Castleton and is 2 kilometers southwest of Rochdale town centre. Rochdale is a town in the northeastern part of the historic county of Lancashire. The town is located at the foot of the Pennine Mountains and on the River Roch.

The 5 bedroom HMO (House in multiple occupation) is located in a quiet area of the town. There are a number of shops and schools nearby.

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 233,500.00 raised
  • Risk class i
  • Expires Closed
  • Target amount €233,500.00
  • Profit share 0.00%
  • Term 6 Months
  • Payment frequency 1 months
  • Loan purpose Buy-to-rent
  • Type Bullet i
  • Mortgage rank First Rank
  • Total Loan Cover (TLC) 127.6%
  • Loan To Value (LTV) 78.4% i
  • Location
    United Kingdom
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