Loan

Loan #696513 Rishton, BB1 4LP, United Kingdom - 4Bed family

Property location
54 Spring Street Rishton BB1 4LP United Kingdom

Executive Summary

Bursting with potential stands this fantastic two bedroom mid terraced property which is being proudly welcomed to the market in the highly regarded area of Rishton. With two generous size bedrooms, fantastic kitchen diner and, once renovated, has the potential to be an fantastic home for a small family or couple! Situated conveniently close to bus routes, good schools and amenities, as well as, network links to Blackburn, Clitheroe and Accrington and and externally there is a sizeable yard to the rear.

The property developer has done over 240 of these projects with the same social housing provider over the last 4 years and has a large pipeline for these types of deals coming through.

The developer has agreed the onward sale before he himself buys it, therefore giving great security on exit. Proof of the onward sale and the ID of the purchaser have been submitted to Max Crowdfund, but due to GDPR we cannot share the personal information publicly.

The developer also has their own construction teams in house who consistantly deliver 4-7 finished refurbishment projects every month of this type. The property will be subject to an extensive refurbishment programme to bring it to a high standard in line with the requirment of the social housing provider.

As soon as the refurbishment is complete, the onward sale will have been progressed in the background and will be ready to exchange and complete immediately.

Investing FAQ
Loan terms summary
  • Interest per annum 10.00%
  • Fully subscribed 85,000.00 raised
  • Risk class i
  • Expires 18 day(s) left
  • Target amount €85,000.00
  • 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) 123.5%
  • Loan To Value (LTV) 81.0% i
  • Location
    United Kingdom
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