Loan #687369 Northenden Wythenshawe Manchester M22 4GD United Kingdom
Bluetouch Ventures Ltd brings another exciting opportunity to the platform's investors. They are looking to raise funds against a 3-bedroom semi-detached property in Northenden, an ever increasingly popular South Manchester suburb surrounded by Manchester's most desirable districts of Chorlton, Didsbury, Sale and Altrincham. The property is also just 10 minutes from Manchester airport and 5 minutes from the major road networks and transport links to Manchester City centre and further afield, making Northenden one of the up-and-coming districts in the booming city of Manchester.
The project developer will carry out a complete refurbishment along with a single-storey extension to the ground floor to create an excellent open plan living space, taking the total square footage to 1100 square feet. This project benefits from an onward sale pre-agreed to one of our corporate clients. The developer source and acquire numerous properties before completing any necessary works and handing them over. The sale has been agreed to complete works at £350,000, providing excellent security on exit.
The project's total cost, including purchase and funding costs, is £291,950 with a healthy net profit of close to £60,000 and represents good value for an investor to secure a healthy, low-risk return on a project they have a pre-agreed sale for. Bluetouch Ventures Ltd expects to complete the program of works within 6-7 months, allowing two months flexibility on our proposed schedule.
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 320,000.00 raised
- Risk class i
- Expires Closed
- Target amount €320,000.00
- Profit share 0.00%
- Term 9 Months
- Payment frequency 1 months
- Loan purpose Bridging
- Type Bullet i
- Mortgage rank First Rank
- Total Loan Cover (TLC) 128.1%
- Loan To Value (LTV) 78.0% i
- Location United Kingdom
- 692419€38,400.002021-12-13 15:05:57
- 692403€100.002021-12-13 14:56:37
- 692396€500.002021-12-13 14:53:46
- 692386€1,000.002021-12-13 14:45:30
- 692375€300.002021-12-13 14:33:19