Loan

Loan #687369 Northenden Wythenshawe Manchester M22 4GD United Kingdom

Property location
3 Wood View Northenden Wythenshawe Manchester M22 4GD United Kingdom

Executive Summary

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.

Investing FAQ
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
Latest investments
  • 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