Loan
Loan #904972 Padiham, BB12 7HA, United Kingdom
Property location
Executive Summary
Nederlands
Dit pand is gelegen te 25 Stockbridge Road, Padiham, Burnley, BB12 7HA. Dit rijtjeshuis met twee slaapkamers bevindt zich dicht bij het Padiham stadscentrum. Dichtbij bushaltes, supermarkten en het is slechts een korte wandeling naar Gawthorpe Hall. Na het binnenlopen van de entreehal vind je de woonkamer met veel open ruimte en de eetkamer aan de achterzijde, waar zich ook de trap naar de eerste etage bevindt. De woonkamer beschikt over een gashaard die als perfect middelpunt fungeert. De kombuis keuken is gemonteerd met bijpassende muur, basis, en meerdere kast eenheden met contrasterende werkoppervlakken en verschillende attributen als een gaskookplaat, elektrische oven en een gootsteen met droogrek. Op de eerste etage bevinden zich twee dubbel-bed slaapkamers met ingebouwde kasten. De badkamer is een driedelige suite bestaande uit een WC op laag niveau, wasbak met voetstuk en een douchecabine in de hoek met zwarte lambrisering. Aan de achterste buitenkant ligt een privé ingesloten tuin.
De ontwikkelaar heeft meer dan 240 van dit soort projecten gerealiseerd met dezelfde aanbieder van sociale huurwoningen. Hij heeft al een koper die een uitstekende security of exit garandeert. De ontwikkelaar heeft bovendien zijn eigen bouwteams aangesteld.
English
This property is located at 25 Stockbridge Road, Padiham, Burnley, BB12 7HA. This two-bed mid-terrace is located close to Padiham Town Centre. Close to bus stops, supermarkets, and a short walk to Gawthorpe Hall. Entering the property into the entrance vestibule leads into the open-plan living room & rear dining room where the stairs are located for the first floor. In the living room, there is a gas fire that provides the perfect focal point. The galley kitchen has been fitted with matching wall, base, and drawer units with contrasting working surfaces and a range of appliances such as a gas hob, electric oven, and a sink/drainer. On the first floor there are two double bedrooms both with fitted wardrobes. The bathroom is a three-piece suite comprising low-level WC, pedestal hand wash basin and a quadrant shower with black paneling splash back. Externally there is a private enclosed yard to the rear.
The developer has done over 240 of these projects in the last 4 years with the same social housing provider. He already has a buyer, which guarantees excellent security of exit. The developer also has its own construction teams in place.
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 126,000.00 raised
- Risk class i
- Expires Closed
- Target amount €126,000.00
- Profit share 0.00%
- Term 9 Months
- Payment frequency 1 months
- Loan purpose Buy to sell
- Type Bullet i
- Mortgage rank First Rank
- Total Loan Cover (TLC) 129.8%
- Loan To Value (LTV) 77.1% i
-
Location
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