Loan
Loan #807883 Weston, CW2 5LP, United Kingdom
Property location
Executive Summary
Nederlands
Bluetouch Ventures Ltd heeft een nieuwe spannende kans voor Max Crowdfund investeerders. Ze zijn op zoek naar fondsenwerving voor de nieuwste ontwikkeling, een halfvrijstaande woning in Weston, Crewe. Ideaal gelegen voor alle lokale voorzieningen en vervoersverbindingen en profiterend van de nabijheid van de zeer gewilde marktstad Nantwich. Weston is een populair dorp met een historische pub en een scala aan woonhuizen. Nantwich is een charmant marktstadje naast de rivier de Wever met een rijke geschiedenis, een breed scala aan speciaalzaken en 4 supermarkten.
Een volledige renovatie en renovatie zal worden uitgevoerd om een uitstekend, drie-slaapkamer, modern huis te creëren met nieuwe armaturen en fittingen, badkamer en ingerichte keuken, waardoor de totale vierkante meters naar 1100ft² gaan met een royale aangelegde tuin.
Dit project profiteert van een verdere verkoop vooraf overeengekomen aan een van onze zakelijke klanten, voor wie we tal van eigendommen kopen en verwerven voordat we de nodige werken voltooien en overdragen. De verkoop is overeengekomen voor de voltooiing van de werken voor £ 255.000, wat uitstekende beveiliging biedt bij het verlaten. Deze lening is een buy-to-sell en er is een kopie van de koopovereenkomst.
De totale kosten van het project, inclusief aankoop- en financieringskosten, bedragen iets minder dan £ 205.000 met een gezonde winst van meer dan £ 50.000 en vertegenwoordigen een goede waarde voor een investeerder om een gezond rendement met een laag risico te behalen op een project waarvoor we een vooraf overeengekomen verkoop hebben. We verwachten het werkprogramma binnen zes maanden te voltooien, waardoor we twee maanden flexibiliteit hebben op ons voorgestelde schema.
English
Bluetouch Ventures Ltd brings another exciting opportunity to the Max Crowdfund investors. They are now looking to raise funds for the latest development, a semi-detached property in Weston, Crewe. Ideally situated for all local amenities and transport links and benefitting from its close proximity to the highly desirable market town Nantwich. Weston is a popular village with a historic pub & range of residential homes. Nantwich is a charming market town set beside the River Weaver with a rich history, a wide range of speciality shops & 4 supermarkets.
A full refurbishment and remodel will be carried out to create an excellent, three-bedroom, modern home with new fixtures & fittings, bathroom and fitted kitchen, taking the total square footage to 1100ft² with a generous landscaped garden.
This project benefits from an onward sale pre-agreed to one of our corporate clients, for who we source and acquire numerous properties before completing any necessary works and handing over. The sale has been agreed apon befor completion of works at £255,000, providing excellent security on exit.
The total cost of the project, including purchase and funding costs, is just under £205,000 with a healthy profit of over £50,000 and represents good value for an investor to secure a healthy, low-risk return on a project we have a pre-agreed sale for. We expect to complete the program of works within six months allowing two months flexibility on our proposed schedule.
Payment terms
Additional terms
Additional securities
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 238,000.00 raised
- Risk class i
- Expires Closed
- Target amount €238,000.00
- Profit share 0.00%
- Term 8 Months
- Payment frequency 1 months
- Loan purpose Bridging
- Type Bullet i
- Mortgage rank First Rank
- Total Loan Cover (TLC) 128.2%
- Loan To Value (LTV) 78.0% i
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Location
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